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Rating:Two Single-Fund ETF Shops Won January, Proportionately Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 2, 2018

Two Single-Fund ETF Shops Won January, Proportionately

Reported by Neil Anderson, Managing Editor

Pound for pound, it was two single-fund ETF shops that led the mutual fund industry pack in January.

This article draws from Morningstar Direct data on mutual fund and ETF flows.

ETF Managers Trust brought in an estimated $361 million in net inflows per fund (it only has a single ETF), more per fund than any other mutual fund or ETF shop. Another shop with a single ETF, ROBO Global, came in second with $269 million in estimated net inflows per fund. Other big January winners included: Primecap, $202 million per fund and up from about $79 million in December; Clark Capital's Navigator Funds, $200 million per fund; and Chilton, $182 million into its only fund.

On the flip side, Tweedy Browne, suffered an estimated $41 million in net outflows per fund in January, more per fund than any other fund firm and up from about $30 million in December. Other big sufferers included: GoodHaven, $39 million from its only fund; Ruane Cunniff & Goldfarb's Sequoia, $38 million from its only fund; FMI, $38 million per fund; and Mondrian, $33 million per fund.

Across the industry, the average mutual fund or ETF brought in $3.8 million in net inflows per fund in January.

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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