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

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

Rating:Flows Rebound, and Vanguard Retakes the Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 21, 2019

Flows Rebound, and Vanguard Retakes the Lead

Reported by Neil Anderson, Managing Editor

Fund flows familiar rebounded last month across the mutual fund industry, even as a familiar titan retook the lead.

The information within this article draws from Morningstar Direct data on January 2019 mutual fund and ETF flows (excluding money market funds and funds of funds). This article focuses specifically on the 27 firms (three more than in December) with more than $100 billion each in mutual fund and ETF AUM. 16 of those firms gained net inflows in January, while 11 suffered net outflows.

After two months in second place, Vanguard regained the top spot last month, leading the large fund firm pack with an estimated $19.688 billion in net January inflows, up from $11.42 billion in December. (December's flows champ, BlackRock, saw its inflows plummet in January and dropped out of the top five.) Other big January inflows winners included: Fidelity, $7.567 billion (up from $2.608 billion in December); Capital Group's American Funds, $4.651 billion (up from $8.86 billion in net outlfows); DFA, $4.329 billion (up from $3.744 billion in net outflows); and Schwab, $3.132 billion (down from $3.492 billion).

Proportionately among the biggest fund firms, Schwab led the pack last month, thanks to estimated January net inflows equivalent to 1.5 percent of its AUM, down from 1.83 percent in December. Other big January inflows winners included: TIAA's Nuveen, 1.1 percent (up from 0.12 percent in net December outflows); DFA, 1.07 percent (up from 1.01 percent in net outflows); Legg Mason, 0.69 percent (up from 1.86 percent in net outflows); and J.P. Morgan, 0.54 percent (up from 0.46 percent).

On the flip side, January was a rough month for SSgA, which suffered an estimated $8.629 billion in net outflows, more than any other large fund firm and up from $940 million in December. Other big January outflows sufferers included: Franklin Templeton, $1.831 billion (down from $4.606 billion in December); John Hancock, $1.177 billion (down from $1.879 billion); OppenheimerFunds, $1.038 billion (down from $3.785 billion); and Invesco, $918 million (down from $4.183 billion).

SSgA also led the large fund firm outflows pack proportionately, with estimated net January outflows equivalent to 1.39 percent of its AUM, up from 0.16 percent in December. Other big January outflows sufferers included: Hancock, 0.92 percent (down from 1.55 percent in December); Principal, 0.71 percent (down from 1.54 percent); Columbia Threadneedle, 0.63 percent (down from 0.78 percent); and American Century, 0.57 percent (down from 1.85 percent).

As a group, the 27 firms with more than $100 billion each in mutual fund and ETF AUM brought in an estimated $33.183 billion in net inflows in January, equivalent to 0.23 percent of their combined AUM. That's up from $4.464 billion in net outflows in December.

Across the entire industry (M* tracks flows from 785 firms), long-term mutual funds and ETFs brought in a combined $38.941 billion in estimated net inflows in January, equivalent to 0.22 percent of their combined AUM. Passive funds brought in $27.216 billion in net inflows in January, while active funds brought in $11.725 billion. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
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:
Raw XML
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