Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:These Outflows Fell $85B In a Month Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 23, 2022

These Outflows Fell $85B In a Month

Reported by Neil Anderson, Managing Editor

Money market mutual funds' outflows plunged by more than $85 billion last month.

This article draws from Morningstar Direct data on money market mutual fund flows in U.S. in February 2022.

Money market funds had $3.692 trillion in AUM as of February 28, 2022, accounting for 12.34 percent of all mutual fund and ETF AUM. That compares with $3.722 trillion and 12.23 percent on January 31, 2022, and with $3.515 trillion and 12.68 percent on February 28, 2021.

Three of the ten money fund firms tracked by the M* team brought in net inflows in February 2022, up from one in January 2022 but down from five in February 2021.

Fidelity led the pack last month, thanks to an estimated $4.714 billion in net February 2022 money fund inflows, up month-over-month from $4.714 billion in January 2022 outflows and up year-over-year from $10.268 billion in February 2021 outflows. The other two February 2022 money fund inflows winners were: Vanguard, $2.286 billion (up M/M from $1.587 billion, up Y/Y from $5.649 billion in net outflows); and BNY Mellon's Dreyfus, $1.768 billion (up M/M from $8.395 billion in net outflows, down Y/Y from $11.024 billion).

As of February 28, only two firms had net money fund inflows in 2022: Fidelity with $4.284 billion and Vanguard with $3.873 billion.

On the flip side, J.P. Morgan took the outflows lead last month among money fund firms, thanks to an estimated $12.868 billion in net February 2022 money fund outflows, up M/M from $10.871 billion in January 2022 but down Y/Y from $24.694 billion in February 2021. Other big February 2022 money fund outflows sufferers included: BlackRock, $10.957 billion (down M/M from $31.71 billion, down Y/y from $34.792 billion in net inflows); and Allspring, $9.303 billion (up M/M from $5.545 billion, up Y/Y from $3.437 billion).

As of February 28, BlackRock led the 2022 money fund outflows pack, thanks to an estimated $42.667 billion in year-to-date outflows. Other big YTD money fund outflows sufferers included: J.P. Morgan, $23.739 billion; and Federated Hermes, $23.564 billion.

As a group, money funds suffered an estimated $33.574 billion in net February 2022 outflows, equivalent to 0.91 percent of their combined AUM. That compares with $118.831 billion and 3.19 percent in January 2022 and with $58.536 billion in net inflows and 1.67 percent in February 2021.

As of February 28, money funds had suffered $152.404 billion in net 2022 outflows, equivalent to 4.13 percent of their combined AUM and accounting for 158.28 percent of overall industry outflows. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use