MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 18, 2019 A Focused Growth Shop Wins in September A focused growth shop based in New York City took the lead last month, pound for pound.
Edgewood took the lead last month, with estimated net September inflows of $72 million per fund, up from $14 million per fund in August. Other big September winners included: WCM, $45 million per fund (up from $44 million per fund); SSgA, $44 million per fund (up from $36 million per fund in net outflows); Edward Jones' Bridge Builder, $40 million per fund (down from $53 million per fund); and Vanguard, $35 million per fund (up from $15 million per fund). Year-to-date through the end of September, Bridge Builder led the pack with estimated net inflows of $522 million per fund. Other big winners in the first three quarters of 2019 included: Akre, $479 million per fund; Edgewood, $430 million per fund; Baird, $342 million per fund; and WCM, $341 million per fund. On the flip side, last month was a rough one for Dodge & Cox, which suffered an estimated $195 million per fund in net September outflows, more than any other fund firm and up from $103 million per fund in August. Other big September sufferers included: Primecap, $154 million per fund (up from $153 million per fund); Harris' Oakmark, $43 million per fund (down from $51 million per fund); IVA, $31 million per fund (down from $38 million per fund); and T. Rowe Price, $19 million per fund (up from $2 million per fund). Year-to-date through the end of September, Dodge & Cox also led the pack with an estimated $906 million per fund in net outflows. Other big sufferers in the first nine months of 2019 included: Primecap, $832 million per fund; Oakmark, $332 million per fund; Tweedy Browne, $279 million per fund; and Sequoia, $248 million per fund. The whole mutual fund and ETF industry (excluding money market funds and funds of funds) brought in an estimated $962,000 per fund in net September inflows, up from $384,000 per fund in August outflows. YTD, the industry brought in an estimated $6.373 million per fund in net inflows. Printed from: MFWire.com/story.asp?s=60392 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |
