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Rating:Global X and Chiron Rake It In Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 24, 2017

Global X and Chiron Rake It In

Reported by Neil Anderson, Managing Editor

September was a great month for Global X and Chiron.

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

Global X brought in $554 million in net inflows in September, M* estimates, more than any other fund family with between $1 billion and $10 billion of AUM. Other top inflow shops in that range in September included: Champlain, $246 million; Exchange Traded Concepts, $219 million; KraneShares, $178 million; and Chiron, $162 million.

On a relative basis, Chiron was on top among $1 billion to $10 billion firms, with estimated September net inflows equivalent to 12.9 percent of its AUM. Other top inflow shops in that range in September included: KraneShares, 12.9 percent; ETC, 12.7 percent; AlphaCentric, 11.5 percent; and Global X, 8.3 percent.

On the flip side, nearly half of fund firms with $1 billion to $10 billion in AUM suffered net outflows in September. At the top of the outflows list was USCF, which suffered an estimated $453 million in net outflows. Other top sufferers included: Credit Suisse, $247 million; Kornitzer's Buffalo, $194 million; Driehaus, $194 million; and Wasatch, $123 million.

Proportionately, USCF also led the outflows pack in September among $1 billion to $10 billion AUM firms, suffered estimated net outflows equivalent to 12.7 percent of its AUM. Other big sufferers proportionately included: Hodges, 7.4 percent; RiverPark, 5.3 percent; Buffalo, 4.8 percent; and Credit Suisse, 4.7 percent.

As a group, fund families with between $1 billion and $10 billion in AUM brought in an estimated $882 million in net inflows, amounting to about 0.2 percent of their combined AUM.

Last week M* released a report about industrywide flows, and MFWire highlighted the biggest winners and losers among the largest fund firms. Across the whole industry, active, long-term mutual funds suffered an estimated $5.576 billion in net outflows in September, while money funds brought in $26.307 billion in net inflows and passive funds brought in $56.433 billion. Among long-term, active funds, only taxable bond funds and muni bond funds had net inflows overall, while all other categories suffered net outflows. 

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