MutualFundWire.com: A B-D Retakes the Lead
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Friday, May 17, 2019

A B-D Retakes the Lead


A broker-dealer's proprietary, subadvised fund family regained the lead last month, pound for pound.

Kunal Kapoor
Morningstar
CEO
This article draws from Morningstar Direct data on open-end mutual fund and ETF flows (excluding money market funds and funds of funds) from April 2019.

Edward Jones' Bridge Builder regained the lead last month, with estimated net April inflows of $133 million per fund, up from $55 million per fund in March. Other big April winners included: Morningstar, $100 million per fund (up from $1 million per fund in net outflows); Akre, $68 million per fund (up from $46 million per fund); Southeastern's Longleaf, $64 million per fund (up from $2 million per fund in net outflows); and Baird, $58 million per fund (down from $92 million per fund).

On the flip side, last month was a rough one for Dodge & Cox, which suffered an estimated $205 million per fund in net April outflows, more than any other fund firm and down from $76 million per fund in net March inflows. Other big April sufferers included: Primecap, $196 million per fund (up from $33 million per fund); Harris' Oakmark, $85 million per fund (up from $23 million per fund); Causeway, $82 million per fund (down from $1 million per fund in net inflows); and Chiron, $47 million per fund (up from $32 million per fund).

The whole mutual fund and ETF industry (excluding money market funds and funds of funds) brought in an estimated $1.2 million per fund in net April inflows, up from $1.1 million per fund in March.


Printed from: MFWire.com/story.asp?s=59714

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