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

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

Rating:With $5.8B, Dodge & Cox Takes the Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 23, 2024

With $5.8B, Dodge & Cox Takes the Lead

Reported by Neil Anderson, Managing Editor

A San Francisco fund firm took the lead last quarter among midsize fund firms, according to the latest data from the folks at a publicly traded investment research firm.

Dana Morton Emery
Dodge & Cox
CEO, Chair
This article draws from Morningstar Direct data on March 2024 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.) More specifically, this article focuses on the 209 firms with between 10 and 99 long-term mutual funds and ETFs each.

Dodge & Cox took the lead in the first quarter of 2024, thanks to an estimated $5.762 billion in net Q1 2024 inflows, up quarter-over-quarter from $172 million in net outflows in Q4 2023 and up year-over-year from $1.676 billion in net inflows in Q1 2023. Other big Q1 2024 inflows winners included: Pacer, $5.189 billion (down Q/Q from $5.258 billion, up Y/Y from $3.42 billion); Baird (including Strategas), $4.918 billion (up Q/Q from $2.919 billion, up Y/Y from $2.518 billion); Edward Jones' Bridge Builder, $2.034 billion (down Q/Q from $4.205 billion, down Y/Y from $3.324 billion); and GQG, $2.031 billion (up Q/Q fom $1.197 billion, up Y/Y from $1.315 billion).

Baird took the lead last month thanks to $1.502 billion in March 2024 inflows, replacing February leader Dodge & Cox. Other big March 2024 inflows winners included: Pacer, $1.411 billion; and Dodge & Cox, $1.391 billion.

On the flip side, Grayscale took the outflows lead last quarter, thanks to an estimated $14.762 billion in net Q1 2024 outflows, down Q/Q from $9 million in Q4 2023 inflows but up Y/Y from negligible outflows in Q1 2023. Other big Q1 2024 outflows sufferers included: Parnassus, $2.47 billion (up Q/Q from $1.413 billion, up Y/Y from $274 million); Baron, $1.467 billion (up Q/Q fom $659 million, down Y/Y from $100 million in net inflows); Brown Capital Management, $1.314 billion (up Q/Q from $605 million, up Y/Y from $147 million); and Brown Advisory, $1.148 billion (up Q/Q from $240 million, down Y/Y from $663 million in net inflows).

Grayscale also led the outflows pack for a third a consecutive month, thanks to an estimated $6.357 bllion in March 2024 outflows. Other big outflows sufferers included: Baron, $529 million; and Harding Loevner, $524 million.

As a group, midsize firms suffered $957 million in March 2024 outflows, and they ended the month with $1.688 trillion in combined AUM across 5,689 funds. That compares with $2.66 billion in net February 2024 inflows and $1.592 trillion in AUm and 5,849 funds on February 29, 2024, and with $1.551 trillion in AUM and 5,839 funds on December 31, 2023.

As of March 31, 2024, midsize firms accounted for 5.9 percent of industry long-term fund AUM and 13.8 percent of long-term funds. That compares with 5.8 percent of AUM and 13.7 percent of funds on Februay 29, 2024, and with 5.8 percent of AUM and 13.8 percent of funds on December 31, 2023.

Midsize firms suffered $339 million in net Q1 2024 outflows, down Q/Q from $4.857 billion. 94 midsize firms bought in net inflows in Q1 2024.

For the trailing twelve months ending March 31, 2024, midsize firms brought in $942 million in net inflows. They accounted of 0.4 percent of TTM industry inflows.

Across the whole industry, the 782 firms tracked by the M* team brought in an estimated $89.549 billion in net March 2024 inflows, ending the month with $28.428 trillion in AUM across 42,586 funds. That compares with $63.13 billion in net February 2024 inflows and with $25.527 billion in net March 2023 outflows. (As for industry size, that compares with: 778 firms, $27.618 trillion in AUM, and 42,551 funds on February 29, 2024; 782 firms, $26.572 trillion in AUM, and 42,423 funds on December 31, 2024; and 785 firms, $23.968 trillion in AUM, and 42,221 funds on March 31, 2023.)

In Q1 2024, the industry brought in $189.02 billion in net long-term inflows.

And for the TTM ending March 31, 2024, the industry brought in $249.233 billion in net inflows. 

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
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
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 - BDC Board Service 101, December 10
  2. WE Boston - Give Back Event, December 10
  3. IMEA Distribution Council webinar - Unlocking Your Competitive Edge: Driving Results Through Net Promoter Excellence, December 10
  4. WE New York - End of Year Celebration, December 11
  5. MFDF webinar - ETF Product Trends: Board Implications, December 11
  6. Nicsa webinar - The Virtues of Corporate Culture, December 11
  7. MFDF webinar - Visually Mapping Board Composition: Skills Matrices in Fund Board Rooms, December 18
  8. IMEA webinar - Driving Equity: The FARE Journey and Its Impact on Financial Services, December 19
  9. MFDF webinar - 2024 Fair Valuation Pricing Survey: Building and Strengthening the Valuation Operating Model, January 7, 2025
  10. MFDF webinar - 15(c) White Paper Webinar Series: Part 2 – Board Processes, January 9, 2025
  11. MFDF webinar - AI and Fund Compliance, January 21, 2025
  12. MFDF In Focus - In Focus: Small Boards' Use of Skills Matrices, January 22, 2025
  13. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  14. FSI OneVoice 2025, January 27 - 29, 2025
  15. 2025 ICI Innovate, February 3 - 5, 2025
  16. MFDF Director Discussion Series - Open Forum, February 10, 2025
  17. MFDF Director Discussion Series - Open Forum, February 11, 2025
  18. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025
  19. MFDF Director Discussion Series - Open Forum, April 2, 2025
  20. Envestnet Elevate 2025, April 9 - 10, 2025
  21. MFDF Director Discussion Series - Open Forum, April 15, 2025
  22. The 36th Sub-Advised Funds Forum, April 29 - 30, 2025
  23. Morningstar Investment Conference 2025, June 25 - 26, 2025
  24. MFDF Director Discussion Series - Open Forum, July 9, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use