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

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

Rating:SSGA Leads With $105MM Per Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 18, 2022

SSGA Leads With $105MM Per Fund

Reported by Neil Anderson, Managing Editor

An ETF titan took the inflows lead proportionately last month, even as industry outflows per fund fell 72 percent.

Cyrus Taraporevala
State Street Global Advisors
Outgoing President, CEO
This article draws from Morningstar Direct data on October 2022 open-end mutual fund and ETF flows, excluding money market funds and funds of funds. (Other asset management products, like CITs and SMAs, are also not included.)

SSGA took the proportional lead last month, thanks to an estimated $105 million per fund in net October 2022 inflows, up month-over-month from $4 million per fund in net outflows in September 2022 and up year-over-year from $44 million per fund in net inflows in October 2021. Other big October 2022 inflows winners included: Edward Jones' Bridge Builder, $85 million per fund (up M/M from $8 million per fund in net outflows, down Y/Y from $108 million per fund in net inflows); Aspiriant, $59 million per fund (up M/M from $89 million per fund in net outflows, up Y/Y from $7 million per fund in net inflows); Core Alternative Capital, $30 million (down M/M from $71 million per fund, up Y/Y from $6 million per fund ); and Schwab, $26 million per fund (down M/M from $27 million per fund, down Y/Y from $44 million per fund).

So far in 2022, Bridge Builder continues to lead the inflows pack, thanks to an estimated $799 million per fund in net year-to-date inflows as of October 31. Other big YTD inflows winners included: Schwab, $279 million per fund; and Core Alternative Capital, $276 million per fund.

On the flip side, Edgewood led the outflows pack proportionately last month for a fifth month in a row, thanks to an estimated $212 million per fund in net October 2022 outflows, down M/M from $302 million per fund in September 2022 and down Y/Y from $104 million per fund in net inflows in October 2021. Other big October 2022 outflows sufferers included: Primecap, $125 million per fund (up M/M from $69 million per fund, up Y/Y from $73 million per fund); Akre, $79 million per fund (up M/M from $39 million per fund, up Y/Y from $3 million per fund); Bramshill, $70 million per fund (up M/M from $20 million per fund, down Y/Y from $15 million per fund in net inflows); and River Canyon, $66 million per fund (down M/M from $75 million per fund, down Y/Y from $122 million per fund in net inflows).

Edgewood also still leads the 2022 outflows pack proportionately, thanks to an estimated $1.294 billion per fund in net YTD outflows as of October 31. Other big outflows sufferers included: Primecap, $1.03 billion per fund; and River Canyon, $554 million per fund.

The whole long-term U.S. mutual fund and ETF industry (excluding money-market funds and funds of funds) suffered an estimated $518,000 per fund in net October 2022 outflows. That's down M/M from $1.82 million per fund in September 2022 and down Y/Y from $2 million per fund in net inflows in October 2021.

Over the first ten months of 2022, the industry suffered an estimated $5.455 million per fund in net 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
2023: Q1
2022: Q4Q3Q2Q1
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


  1. MFDF webinar - The SEC's Swing Pricing and Liquidity Proposal: What You Should Know, February 1
  2. Exchange: an ETF Experience, Feb 5-8
  3. WE US - Breakfast at Nobu Hotel, February 6
  4. MFDF Director Discussion Series - Open Forum (Stuart, FL), February 7
  5. 8th Annual Expect Miracles in Manhattan, February 16
  6. MMI Next Chapter: Rockin' Retirement, February 21
  7. Expect Miracles Boston YPEM Battle of the Bartenders, February 28
  8. MFDF webinar - Fund Industry Claims Trends: An Insurer's Perspective, March 1
  9. Nicsa Strategic Leadership Forum 2023, Mar 1-3
  10. IMEA Data Council Summit, Mar 7-8
  11. MFDF 2023 Fund Governance & Regulatory Insights Conference, Mar 9-10
  12. Irish Funds Boston Breakfast Seminar, March 15
  13. Irish Funds New York Seminar, March 16
  14. 2023 ICI Investment Management Conference, Mar 19-22
  15. FRA's Mastering Client Services and RFPs for Institutional Investors, Mar 20-21
  16. Crane Data's Bond Fund Symposium, Mar 23-24
  17. 2023 MMI Summit, Mar 29-30
  18. MFDF Director Discussion Series - Open Forum via Zoom, March 29
  19. 34th Sub-Advised Funds Forum, Apr 3-4
  20. MFDF webinar - Impact of Market Performance on 2022 Annual Investment Firm Profitability and Economies of Scale, April 5
  21. MFDF Regulatory Impacts on Fund Boards, April 20
  22. Morningstar Investment Conference 2023, Apr 25-27
  23. MFDF In Focus: Board Oversight Lessons from Former Fund Directors, May 9
  24. 2023 MMI Emerging Asset Managers Forum, May 11-12
  25. WE US - breakfast at InsideETFs, May 22
  26. MFDF Director Discussion Series - Open Forum (Columbus, OH), June 1




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use