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Rating:Pimco and BlackRock Win In June Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 22, 2019

Pimco and BlackRock Win In June

Reported by Neil Anderson, Managing Editor

A fixed income giant led the active pack last month, while an ETF titan led the passive side.

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.

On the active side of the mutual fund business, Pimco took the lead last month, with estimated net June active inflows of $2.186 billion, up from $1.821 billion in May. Other big June winners included: BlackRock, $1.823 billion (up from $143 million); Morgan Stanley, $1.113 billion (up from $956 million); DoubleLine, $971 million (up from $811 million); and Lord Abbett, $941 million (down from $1.19 billion).

On the passive side, BlackRock took the lead last month, with estimated net June passive inflows of $34.404 billion, up from $68 million in May. Other big June winners included: Vanguard, $14.643 billion (down from $16.778 billion); SSgA, $14.384 billion (down from $22.774 billion in net outflows); Schwab, $2.377 billion (up from $2.311 billion); and Fidelity, $2.327 billion (down from $7.017 billion).

On the flip side, June was a rough month for T. Rowe Price, which suffered estimated net active outflows of $4.781 billion, more than any other active fund firm and down from $487 million in net May inflows. Other big June sufferers included: Invesco, $3.173 billion (up from $2.107 billion); Franklin Templeton, $1.961 billion (up from $1.179 billion); Jackson, $1.742 billion (up from $466 million); and Vanguard, $1.506 billion (up from $118 million).

Rafferty's Direxion suffered an estimated $1.063 billion in net passive outflows in June, more than any other passive fund family and down from $455 million in net May inflows. Other big June sufferers included: VanEck, $988 million (down from $173 million in net inflows); T. Rowe, $439 million (up from $16 million); ProShares and ProFunds, $326 million (down from $353 million); and Guggenheim, $227 million (down from $43 million in net inflows).

Industrywide, 719 active fund families (down one from May) suffered an estimated $22.349 billion net estimated outflows in June, down from $96 million in net May inflows. 279 of those 719 fund families gained net active inflows in June.

146 passive fund families (up three from May) brought in a combined $68.599 billion in net estimated inflows in June, up from $65.543 billion in May. 73 of those 146 families gained net passive inflows in June. 

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