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

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

Rating:Midsize Flows Rebound By $2.197B, With Baird Threepeating Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 26, 2024

Midsize Flows Rebound By $2.197B, With Baird Threepeating

Reported by Neil Anderson, Managing Editor

A Midwestern fund firm kep the lead last month among midsize fund firms as the group's net inflows returned, according to the latest data from the folks at a publicly traded investment research firm.

This article draws from Morningstar Direct data on May 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 210 firms (down by three month-over-month from April 2024) with between 10 and 99 long-term mutual funds and ETFs each.

Baird (includling Strategas) led the pack for a third month in a row, thanks to an estimated $990 million in net May 2024 inflows, down by $1.323 billion M/M from April 2024 but up by $39 million year-over-year from May 2023. Other big May 2024 inflows winners included: Edward Jones' Bridge Builder, $961 million (up by $2.945 billion M/M, down by $1.181 billion Y/Y); GQG, $844 million (up by $256 million M/M, up by $696 million Y/Y); Pacer, $503 million (down by $1.297 billion M/M, up by $413 million Y/Y); and YieldMax, $448 million (down by $17 million M/M, up by $419 million Y/Y).

Baird also led the way for the trailing twelve months ending May 31, 2024, thanks to an estimated $15.71 billion in net inflows. Other big TTM inflows winners included: Pacer, $15.502 billion; and Dodge & Cox, $8.254 billion.

On the flip side, DoubleLine took the outflows lead, thanks to an estimated $782 million in May 2024 outflows, up by $6 million M/M from April 2024 but a $817-million net flows drop Y/Y from May 2023). Other big May 2024 outflows sufferers included: Old Westbury, $641 million (up by $289 million M/M, up by $540 million Y/Y); Grayscale, $600 million (down by $1.852 billion M/M, up by $600 million Y/Y); Parnassus, $538 million (up by $69 million M/M, up by $120 million Y/Y); and Harding Loevner, $412 million (up by $96 million M/M, up by $256 million Y/Y).

Grayscale leads the outflows pack over the last year, thanks to an estimated $17.805 billion in net TTM outflows as of May 31, 2024. Other big TTM outflows sufferers included: DoubleLine, $6.364 billion; and Parnassus, $5.886 billion.

As a group, midsize firms brought in $1.381 billion in May 2024 inflows, and they ended the month with $1.629 trillion in combined AUM, across 5,896 funds. That compares with $816 million in April 2024 outflows and with $1.669 trillion in AUM and 6,033 funds on April 30, 2024.

As of May 31, 2024, midsize firms accounted for 5.8 percent of industry long-term fund AUM and 13.8 percent of long-term funds, and last month they brought in 2.4 percent of industry inflows.

Midsize firms brought in $2.013 billion in TTM outflows as of May 31, 2024.

Across the whole industry, the 791 firms (up by two M/M and up by 11 Y/Y) tracked by the M* team brought in $58.35 billion in net May 2024 inflows, up by $67.359 billion M/M and up by $81.319 billion Y/Y. The industry ended May 2024 with $28.273 trillion in AUM across 42,674 funds. (That's up by $767 billion M/M and up by $4.373 trillion Y/Y).

For the TTM ending May 31, 2024, the industry brought in $291.264 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
2025: Q3Q2Q1
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


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use