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Rating:Among the Smallest Firms, DeltaShares Dominated August Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 05, 2017

Among the Smallest Firms, DeltaShares Dominated August

Reported by Neil Anderson, Managing Editor

Among the smallest fund firms, Transamerica's DeltaShares was the big winner in August.

The fund flow information within this article was formulated from the exclusive data provided for MFWire by Alina Lamy, senior analyst of quantitative research at Morningstar.

DeltaShares brought in an estimated $388 million in net inflows in August, more than any other fund family with under $1 billion in AUM. Other small fund firms that won big last month included: BMT, $114 million; GQG, $88 million; Deer Park, $47 million; and LJM, $38 million.

Proportionately, the biggest winner in the under $1 billion AUM space was VelocityShares, which brought in estimated net inflows equivalent to 102.56 percent of its AUM. (M*'s Lamy explains that August was the first month they tracked data for VelocityShares and that the fund family suffered a bit of negative performance, hence having more inflows than month-end AUM.) Other big winners proportionately last month in the under $1 billion AUM space included: BMT, 100 percent; AlphaCore, 100 percent; DeltaShares, 99.97 percent; and Spinnaker, 99.86 percent.

On the flip side, August was a rough month for Oak Ridge, which suffered an estimated $594 million in net outflows, more than any other fund family with under $1 billion in AUM. Other big sufferers last month included: Thomas White, $155 million; SkyBridge, $50 million; Arrow, $46 million; and Rainier, $29 million.

Oak Ridge also suffered the most proportionately in August among fund families with under $1 billion in AUM. Other big sufferers last month proportionately included: Wakefield, 56.29 percent; Thomas White, 38.77 percent; MT Lucas, 27.27 percent; and Arrow, 23.76 percent.

As a group, fund families with under $1 billion in AUM brought in $35 million in net inflows in August.

Last week M* released a report about industrywide flows, and MFWire highlighted the biggest winners and losers among the large fund firms. Active, long-term mutual funds suffered $7.174 billion in net outflows, while passive funds brought in $37.149 billion net and money market funds brought in $74.801 billion. Among active, long-term funds, taxable bond funds, international equity funds, and muni bond funds all brought in billions, while U.S. equity funds, allocation funds, and sector equity funds all saw billions flow out.  

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