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Rating:Clark Navigates Big Fund Flows Not Rated 1.0 Email Routing List Email & Route  Print Print
Wednesday, February 28, 2018

Clark Navigates Big Fund Flows

Reported by Neil Anderson, Managing Editor

Clark Capital Management's mutual funds led the small fund firm pack last month.

The fund flows information within this article draws from Morningstar Direct data on mutual fund and ETF flows in January 2018.

Clark's Navigator Funds brought in $1.801 billion in estimated net inflows in January, more than any other fund family with between $1 billion and $10 billion in AUM. Other top inflow shops in that range included: Blackstone, $445 million; KraneShares, $346 million; Pear Tree, $285 million; and Robo Global, $269 million.

On a relative basis, Navigator also took the small fund firm lead in January, with estimated net inflows equivalent to 63.59 percent of its AUM. Other big winners last month, proportionately, included: Ark, 22.17 percent; KraneShares, 16.33 percent; Robo Global, 11.14 percent; and Pacer, 8.9 percent.

On the flip side, January was a rough month for USCF, which suffered an estimated $376 million in net outflows, more than any other fund firm in the $1 billion to $10 billion AUM range. Other big sufferers last month included: Equinox, $163 million; Hotchkis & Wiley, $111 million; Hennessy, $109 million; and James Advantage, $106 million.

Proportionately, Equinox had the roughest January among small fund firms, suffering estimated net outflows equivalent to 15.27 percent of its AUM. Other big sufferers last month included: USCF, 11.45 percent; Boston Trust and Walden Funds, 4.74 percent; Fairholme, 4.53 percent; and RiverNorth, 3.92 percent.

As a group, fund families with between $1 billion and $10 billion in AUM each brought in $5.698 billion in combined net inflows in January, equivalent to 1.17 percent of their combined AUM. That's up from $1.225 billion in net outflows in December.

Last week M* released a report about industrywide flows in January, and MFWire highlighted the biggest winners and losers among the largest fund firms. Across the whole industry, long-term active mutual funds brought in an estimated $24.048 billion in net inflows in January, up from $7.81 billion in net outflows in December. Money funds swung to $47.881 billion in net outflows in January, and passive funds brought in $104.076 billion in net inflows. Within long-term active mutual funds, taxable bond funds, international equity funds, muni bond funds, liquid alts, commodities funds, and sector equity funds each had net category inflows in January, while U.S. equity funds and allocation funds suffered net outflows. 

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