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

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

Rating:An Eight-Month-Old Startup Wins In April Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 16, 2019

An Eight-Month-Old Startup Wins In April

Reported by Neil Anderson, Managing Editor

An eight-month-old ETF startup won big last month.

This article draws from Morningstar Direct data on April 2019 open-end mutual fund and ETF flows (excluding money-market funds and funds of funds). Specifically, this article focuses on the 510 firms (10 fewer than in March) with less than $1 billion in fund AUM each (in mutual funds and ETFs). 211 of those firms gained net inflows last month down from 225 in March.

Defiance led the sub-$1-billion-AUM pack last month, bringing in an estimated $60 million in net April inflows, up from $20 million in March. Other big April winners included: Trust for Credit Unions, $60 million (up from $6 million in net outflows); Sofi, $47 million; AAAMCO, $46 million (down from $66 million); and Bramshill, $33 million (up from $31 million).

Proportionately, setting aside apparent newcomers, Innovative led the micro fund firm pack with estimated net April inflows equivalent to 96.93 percent of its AUM, up from negligible net flows in March. Other big April winners included: Defiance, 66.4 percent (down from 67.48 percent); AlphaCore, 50.95 percent (up from 0.02 percent); iM Global Partners, 45.49 percent (up from 2.17 percent); and QuantX, 45.47 percent (up from 0.02 percent in net outflows).

April's apparent newcomers included: Palm Valley, Procure ETF Trust II, and Sofi.

On the flip side, April was a rough month for Aristotle, which suffered an estimated $82 million in net outflows, more than any other sub-$1-billion-AUM fund firm and down from $27 million in net March inflows. Other big April sufferers included: Power, $43 million (up from $25 million); Hancock Horizon, $34 million (up from $12 million); Vericimetry, $31 million (up from $7 million); and RQSI, $31 million (down from $51 million).

Proportionately, RISE suffered estimated net April outflows equivalent to 113.04 percent of its AUM (i.e. how much AUM it had left after the outflows). Other big April sufferers included: RQSI, 78.53 percent (down from 73.61 percent); USAI ETF, 66.67 percent (down from 33.33 percent); IQ Capital Strategy, 57.89 percent (up from 8.84 percent); and Aristotle, 31.82 percent (down from 8.32 percent in net inflows).

As a group, the 510 funds with less than $1 billion in fund AUM each (mutual funds and ETFs) suffered $135 million in net outflows in April, equivalent to about 0.15 percent of their combined AUM. That's down from $696 million in net March inflows, equivalent to 0.73 percent of their combined AUM.

Across the whole industry (M* tracks flows from 775 firms), long-term mutual funds and ETFs brought in a combined $51.004 billion in estimated net inflows in April, equivalent to 0.27 percent of industry AUM. Passive funds brought in $65.543 billion, while active funds suffered $14.539 billion in net outflows. 

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. 2022 ICI Leadership Summit, May 25-26
  2. ALFI Roadshow to New York, May 25
  3. 2022 IDC Fund Directors Workshop, May 26
  4. Irish Funds Annual Global Funds Conference 2022, May 30-31
  5. WealthManagement Edge, May 31 - June 3
  6. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  7. 28th annual Expect Miracles East Coast Classic, June 9
  8. 2022 Sohn Investment Conference, June 9
  9. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  10. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  11. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  12. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  13. 2022 MMI Emerging Asset Managers Forum, June 23
  14. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  15. Financial Planning INVEST, Jun 28-29
  16. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  17. MFDF Director Discussion Series - Open Forum (New York), July 20
  18. 2022 MMI Distribution Leadership Forum, Jul 20-21
  19. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  20. MFDF webinar - Performance, Perception and Manager Selection, September 14
  21. 2022 ICI Tax and Accounting Conference, Sep 18-21
  22. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  23. Nicsa Fearless Leadership Symposium, Oct 6-7
  24. 2022 MMI Annual Conference, Oct 19-21
  25. 2022 IDC Fund Directors Conference, Oct 24-26
  26. 18th annual Expect Miracles Wine & Spirits Event, October 27




©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