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

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

Rating:Vanguard Retakes the Lead as Flows Plunge Not Rated 1.0 Email Routing List Email & Route  Print Print
Monday, July 16, 2018

Vanguard Retakes the Lead as Flows Plunge

Reported by Neil Anderson, Managing Editor

Two months. That's how long the break in Vanguard's fund flows dominance lasted this time.

The information within this article draws from Morningstar Direct data on June 2018 open-end mutual fund and ETF flows (excluding money market funds and funds of funds).

As industry flows soured in June , Vanguard regained the lead thanks to estimated net inflows of $7.356 billion, down from $10.73 billion in May. Other big inflows winners in June included: Edward Jones' Bridge Builder, $3.058 billion (up from $1.558 billion); Fidelity, $2.95 billion (up from $151 million); Schwab, $2.892 billion (down from $4.482 billion); and Pimco, $2.585 billion (up from $1 billion).

On the flip side, June was a rough month for BlackRock, which suffered an estimated $8.759 billion in net outflows, more than any other fund firm and down from $14.941 billion in net inflows in May (when it led the industry inflows). Other big outflows sufferers in June included: SSgA, $6.681 billion (down from $2.021 billion in net inflows); Goldman Sachs, $6.336 billion (down from $646 million in net inflows); Invesco, $3.5 billion (down from $2.821 billion in net inflows); and GMO, $3.451 billion (up from $777 million).

Across the whole industry, mutual funds and ETFs suffered $23.037 billion in estimated net outflows in June, equivalent to about 0.13 percent of industry AUM (which reached $18.33 trillion as of the end of June). 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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