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Rating:Vanguard Retakes the Lead as Flows Plunge Not Rated 1.0 Email Routing List Email & Route  Print Print
Monday, July 16, 2018

Vanguard Retakes the Lead as Flows Plunge

Reported by Neil Anderson, Managing Editor

Two months. That's how long the break in Vanguard's fund flows dominance lasted this time.

The information within this article draws from Morningstar Direct data on June 2018 open-end mutual fund and ETF flows (excluding money market funds and funds of funds).

As industry flows soured in June , Vanguard regained the lead thanks to estimated net inflows of $7.356 billion, down from $10.73 billion in May. Other big inflows winners in June included: Edward Jones' Bridge Builder, $3.058 billion (up from $1.558 billion); Fidelity, $2.95 billion (up from $151 million); Schwab, $2.892 billion (down from $4.482 billion); and Pimco, $2.585 billion (up from $1 billion).

On the flip side, June was a rough month for BlackRock, which suffered an estimated $8.759 billion in net outflows, more than any other fund firm and down from $14.941 billion in net inflows in May (when it led the industry inflows). Other big outflows sufferers in June included: SSgA, $6.681 billion (down from $2.021 billion in net inflows); Goldman Sachs, $6.336 billion (down from $646 million in net inflows); Invesco, $3.5 billion (down from $2.821 billion in net inflows); and GMO, $3.451 billion (up from $777 million).

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). 

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