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

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

Rating:There's a New Reigning Champ Among Fund Firms Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 29, 2018

There's a New Reigning Champ Among Fund Firms

Reported by Neil Anderson, Managing Editor

For a second month in a row, someone beat Vanguard.

Chicago-based investment research specialist Morningstar recently released its "Morningstar Direct Asset Flows Commentary: United States" report for May 2018. The report was penned by Kevin McDevitt, senior analyst. (An abridged version of the report is publicly accessible, while the full report with appendices is available to Morningstar Direct users.) This article draws on data from that report and its appendices.

BlackRock stayed on top of the flows for two straight months after a year of Vanguard dominance with an estimated $14.941 billion in net inflows in May, down from $18.614 billion in April. Vanguard stayed in second in May with $10.73 billion, down from $12.361 billion in April. Other big winners in May included: Schwab, $4.482 billion (up from $2.433 billion); T. Rowe Price, $3.031 billion (up from $968 million); and Invesco, $2.821 billion (up from $1.318 billion in net outflows).

Proportionately, Edward Jones' Bridge Builder took the lead among the largest fund families, bringing estimated net May inflows equivalent to 2.78 percent of its AUM. Other relative winners in May included: Schwab, 2.33 percent (up from 1.31 percent in April); First Trust, 2.21 percent (up from 1.82 percent); AB, 1.3 percent (up from 0.27 percent); and Lord Abbett, 1.05 percent (up from 0.698 percent).

On the flip side, May was another rough month for Franklin Templeton, with $2.623 billion in estimated net outflows, more than any other fund firm but down from $2.766 billion in April. Other big outflow sufferers in May included: Harbor, $1.117 billion (up from $671 million); TCW, $874 million (up from $686 million); DoubleLine, $770 million (up from $65 millon); and American Century, $718 million (up from $664 million).

Proportionately, Harbor again had the roughest month among big fund firms, with estimated net May outflows equivalent to 1.69 percent of its AUM (up from 1.02 percent in April). Other big sufferers in May included: TCW, 1.04 percent (up from 0.81 percent); DoubleLine. 0.99 percent (up from 0.08 percent); Ivy, 0.8 percent (down from 0.87 percent); and Franklin, 0.71 percent (down from 0.75 percent).

Industrywide, passive funds brought in $41.3 billion in net inflows in May, while active funds suffered $900 million 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
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




©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