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

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

Rating:Proportionately, This Growth Shop Won May Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 12, 2018

Proportionately, This Growth Shop Won May

Reported by Neil Anderson, Managing Editor

A focused growth shop led the pack in May, at least proportionately.

This article draws from Morningstar Direct data on open-end mutual fund and ETF flows from May 2018.

Edgewood brought in an estimated $242 million per fund in May, more than any other fund firm and up from $117 million in April. Other big May winners proportionately included: Primecap, $218 million per fund (up from $153 million); Edward Jones' Bridge Builder, $195 million (up from $111 million); WealthFront, $109 million (down from $441 million); and Chiron, $78 million (up from $51 million).

On the flip side, Seafarer suffered an estimated $69 million in net outflows per fund in May, more than any other fund firm and down from $2 million per fund in net inflows in April. Other big sufferers in May included: Robo Global, $53 million; TCW's MetWest, $40 million; Independent Franchise Partners, $38 million; and Port Street, $31 million.

Across the industry, the average open-end mutual fund or ETF brought in an estimated $944,000 in net inflows in May, down from $964,000 in April.

M* recently released a report about industrywide flows, and MFWire highlighted the biggest winners and losers among the largest fund firms. Across the whole industry, 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