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 |
|
Tuesday, April 21, 2020 A Focused Growth Shop Won In Q1 A $30.7-billion-AUM shop won in March, pound for pound.
Edgewood took the lead in the first quarter, proportionately, with estimated net Q1 inflows of $319 million per fund. Other big Q1 inflows winners included: USCF, $265 million per fund; Spyglass, $225 million per fund; Grayscale, $167 million per fund; and WCM, $152 million per fund. In March, USCF led with estimated net inflows of $191 million per fund, up from $11 million per fund in February. Other big March inflows winners included: Spyglass, $174 million per fund (up from $33 million per fund); SSGA, $124 million per fund (up from $104 million per fund in net outflows); Jensen, $92 million per fund (up from $1 million in net outflows); and Edgewood, $89 million (up from $13 million per fund. On the flip side, Q1 was a rough one for Primecap, which suffered an estimated $807 million per fund in net outflows, more than any other fund firm. Other big Q1 outflows sufferers included: Dodge & Cox, $721 million per fund; FMI, $231 million per fund; Tocqueville, $222 million per fund; and Chiron, $205 million per fund. In March, Dodge & Cox suffered the most, proportionately, with an estimated $572 million per fund in net outflows, up from $115 million per fund in February. Other big March outflows sufferers included: Primecap, $387 million per fund (up from $227 million per fund); Edward Jones' Bridge Builder, $278 million per fund (down from $106 million in net inflows); TWM, $204 million per fund (up from $2 million per fund); and FPA, $190 million per fund (down from $3 million per fund in net inflows). The whole mutual fund and ETF industry, excluding money market funds and funds of funds, suffered an estimated $9.6 million per fund in net outflows in Q1. In March alone, the industry suffered an estimated $14 million per fund in net outflows, down from $1 million per fund in net February inflows. Printed from: MFWire.com/story.asp?s=61188 Copyright 2020, InvestmentWires, Inc. All Rights Reserved |
