The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Sub-Advised Equity Shop Takes the Lead Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, July 18, 2018

A Sub-Advised Equity Shop Takes the Lead

Reported by Neil Anderson, Managing Editor

A sub-advised equity shop took the lead last month among small fund firms.

The fund flows information within this article draws from Morningstar Direct data on mutual fund and ETF flows (excluding money market funds and funds of funds) in June 2018, specifically for small fund firms (those with between $1 billion and $10 billion in fund and ETF AUM).

Pear Tree brought in $538 million in net inflows in June, more than any other small fund firm and up from $113 million in May. Other big winners in June included: Pacific Funds, $346 million (up from $50 million); Tortoise, $307 million (up from $83 million); ARK, $271 million (up from $143 million); and Angel Oak, $164 million (down from $189 million).

Proportionately, ARK won June among small fund firms, thanks to estimated net inflows equivalent to 12.76 percent of its AUM, up from 7.92 percent in May. Other big inflows winners in June included: Pear Tree, 11.68 percent (up from 2.75 percent); Semper, 7.42 percent (down from 9.7 percent); Tortoise, 7 percent (up from 2.06 percent); and Wilshire, 5.72 percent (up from 0.44 percent in net outflows).

On the flip side, June was a rough month for Cambiar, which suffered estimated net outflows of $749 million, down from $29 million in net inflows in May. Other big June outflows sufferers included: KraneShares, $227 million (down from $259 million in net outflows); USCF, $224 million (up from $10 million); Brookfield, $218 million (down from $36 million in net inflows); and Hennessy, $182 million (up from $160 million).

Proportionately, Cambiar also led the outflows pack among small fund firms, suffering estimated net outflows in June equivalent to 19.69 percent of its AUM, down from 0.62 percent in inflows in May. Other big June outflows sufferers included: KraneShares, 11.09 percent (up from 11.08 percent); Sands, 8.62 percent (down from 0.65 percent in net inflows); USCF, 7.06 percent (up from 0.31 percent); and Schwartz Investment Counsel's Ave Maria Funds, 5.79 percent (down from 0.42 percent in net inflows).

As a group, fund families with between $1 billion and $10 billion AUM each suffered a combined $343 million in net outflows in June, equivalent to 0.07 percent of their combined AUM. That's down from $1.818 billion in inflows in May.

Across the whole industry, mutual funds and ETFs suffered $23.037 billion in estimated net outflows in June, equivalent to about 0.13 percent of industry AUM (which reached $18.33 trillion as of the end of June). 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
  2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
  3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
  4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
  5. 2022 ICI Leadership Summit, May 25-26
  6. ALFI Roadshow to New York, May 25
  7. 2022 IDC Fund Directors Workshop, May 26
  8. Irish Funds Annual Global Funds Conference 2022, May 30-31
  9. WealthManagement Edge, May 31 - June 3
  10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  11. 28th annual Expect Miracles East Coast Classic, June 9
  12. 2022 Sohn Investment Conference, June 9
  13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  17. 2022 MMI Emerging Asset Managers Forum, June 23
  18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  19. Financial Planning INVEST, Jun 28-29
  20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  21. MFDF Director Discussion Series - Open Forum (New York), July 20
  22. 2022 MMI Distribution Leadership Forum, Jul 20-21
  23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  24. MFDF webinar - Performance, Perception and Manager Selection, September 14
  25. 2022 ICI Tax and Accounting Conference, Sep 18-21
  26. 5th annual Expect Miracles Atlantic Coast Classic, October 3

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use