A Connecticut ETF shop took the lead last month by at least one proportional measure, according to the latest data from the folks at a publicly traded investment research firm.

Troy Michael Cates NEOS Investments LLC Co-Founder, Managing Partner

This article draws on Morningstar Direct data on August 2025 mutual fund and ETF flows, excluding money market funds and funds of funds. (Other asset management products, like CITs and separate accounts, are also not included.)

Neos pulled ahead last month, thanks to an estimated $156 milion per fund in net August 2025 inflows, up by $14 million month-over-month from July 2025 and up by $133 million year-over-year from August 2024. Other big August 2025 inflows winners included:

River Canyon, $133 million per fund (up by $53 million M/M, up by $95 million Y/Y);

Edward Jones' Bridge Builder, $115 million per fund (down by $44 million M/M, up by $31 million Y/Y);

Scharf, $64 million per fund (up by $65 million M/M and Y/Y); and

Dodge & Cox, $63 million per fund (up by $32 million M/M, down by $13 million Y/Y).

Bridge Builder led the inflows pack proportionately over the last year, thanks to an estimated $1.306 billion per fund in net inflows for the trailing twelve months ending on August 31, 2025. Other big TTM inflows winners included: Neos, $812 million per fund; and River Canyon, $653 million per fund.

On the flip side, Edgewood took the outflows lead last month, thanks to an estimated $135 million per fund in net August 2025 outflows, up by $17 million M/M from July 2025 and up by $59 million Y/Y from August 2024. Other big August 2025 outflows sufferers included:

Ark, $108 million per fund (a $233-million net flows drop M/M, up by $57 million Y/Y);

Primecap, $107 million (down by $42 million M/M, down by $77 million Y/Y);

Akre, $91 million (down by $48 million M/M, down by $37 million Y/Y); and

21Shares, $88 million (down by $118 million M/M, up by $49 million Y/Y>).

Edgewood also led the outflows pack over the last year, thanks to an estimated $2.249 billion per fund in net TTM outflows as of August 31. Other big outflows sufferers included: Primecap, $1.78 billion; and Akre, $763 million.

The whole long-term mutual fund and ETF industry brougth in $1.761 million per fund in net August 2025 inflows. That's up by $30,000 M/M and up by $1.152 million Y/Y.

As of August 31, the industry brought in $16.345 million per fund in net TTM inflows. 

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