MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Friday, January 31, 2025 Money Fund Flows Slow By $294B, But ... Despite an annual inflows drop approaching $300 billion last year, money funds still brought in hundreds of billion of dollars of net inflows in 2024, according to the latest data form the folks at a publicly traded investment research firm.
Fidelity led the money fund inflows pack again last year, thanks to an estimated $147.875 billion in net 2024 money fund inflows, down by $102.935 billion Y/Y from 2023. Other big 2024 money fund inflows winners included: Schwab, $96.883 billion (down by $83,867 billion Y/Y); BlackRock, $94.875 billion (up by $68.543 billion Y/Y); J.P. Morgan, $94.372 billion (down by $103.702 billion Y/Y); and Goldman Sachs, $60.632 billion (up by $71.278 billion Y/Y). J.P. Morgan pulled ahead last quarter, thanks to an estimated $67.109 billion in net money fund inflows in the fourth quarter of 2024. Other big Q4 2024 money fund flows winners included: Goldman Sachs, $52.864 billion; and Morgan Stanley, $47.859 billion. Yet Fidelity took the lead last month, too, thanks to an estimated $27.081 billion in net December 2024 money fund inflows. Other big inflows winners included: J.P. Morgan, $26.096 billion; and Goldman Sachs, $25.766 billion. On the flip side, HSBC took the outflows lead last year, thanks to an estimated $7.754 billion in net 2024 money fund outflows, an $11.932-billion net flows drop Y/Y from 2023. Other big 2024 money fund outflows sufferers included: DWS, $6.372 billion (a $12.382-billion net flows drop Y/Y); Franklin Templeton, $3.378 billion (down by $4.509 billion Y/Y); SEI, $3.164 billion (up by $2.981 billion Y/Y); and Adhia, $874 million (up by $754 million Y/Y). SSGA took the money fund outflows lead last quarter, thanks to an estimated $11.288 billion in net Q4 2024 outflows. Other big outflows sufferers included: Franklin Templeton, $1.468 billion; and Adhia, $806 million. SSGA also led the money fund outflows last month for a second consecutive month, thanks to an estimated $6.625 billion in net December 2024 money fund outflows. Other big outflows sufferers included: DWS, $6.544 billion; and Vanguard, $3.755 billion. As a group, money funds brought in $110.757 billion in net December 2024 inflows (down by $38.537 billion M/M, up by $83.946 billion Y/Y). On December 31, 2024, the money fund industry held $6.835 trillion in AUM (up by $137 billion M/M, up by $858 billion Y/Y) across 2,146 funds (up by seven M/M, up by 38 Y/Y). In Q4 2024, money funds brought in $355.146 billion in net inflows, up by $93.402 billion from Q3 2024. In all of 2024, money funds brought in $677.389 billion in net inflows, down by $293.915 billion Y/Y. Printed from: MFWire.com/story.asp?s=69473 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |
