A private equity firm led the mutual fund industry in net inflows last month, at least pound for pound.

This article draws from Morningstar Direct data on June 2019 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds.

Blackstone took the lead last month, with estimated net June inflows of $134 million per up, up from $21 million per fund in May. Other big June winners included: Edgewood, $105 million per fund (up from $37 million per fund); SSgA, $55 million per fund (up from $88 million per fund in net outflows); WCM, $53 million per fund (down from $54 million per fund); and Akre, $50 million per fund (down from $77 million per fund).

On the flip side, last month was a rough one for Dodge & Cox, which suffered an estimated $189 million per fund in net June outflows, more than any other fund firm and down from $4 million per fund in net May inflows. Other big June sufferers included: Primecap, $138 million per fund (up from $81 million per fund); Sound Shore, $64 million per fund (up from $12 million per fund); Harris' Oakmark, $50 million per fund (up from $26 million per fund); and Tweedy Browne, $41 million per fund (down from $78 million per fund).

The whole mutual fund and ETF industry (excluding money-market funds and funds of funds) brought in $1.119 million per fund in estimated net June inflows, up from $45,000 per fund in net May outflows. 

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