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

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

Rating:First Trust Expands Its Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 14, 2020

First Trust Expands Its Lead

Reported by Neil Anderson, Managing Editor

A midwestern ETF widened its lead last month among midsize fund firms.

This article draws from Morningstar Direct data on January 2020 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds. More specifically, this article focuses on the 79 firms (down from 81 in December) with between $10 billion and $100 billion each in fund AUM. 37 of those firms gained net inflows in January (up from 35 in December).

First Trust stayed on top of the pack, bringing in an estimated $2.082 billion in net inflows in January, up from $1.393 billion in December. Other big January inflows winners included: Baird, $1.294 billion (up from $1.041 billion); Morgan Stanley, $1.257 billion (up from $3 million); DoubleLine, $879 million (up from $112 million in net outflows); and AllianceBernstein, $690 million (down from $716 million).

Proportionately, Raffery's Direxion led the midsize fund firm pack last month, with estimated net January inflows equivalent to 2.8 percent of its AUM, up from 3.1 percent in net December outflows. Other big January inflows winners included: BBD, 2.5 percent (up from 1.8 percent); First Trust, 2.5 percent (up from 1.7 percent); Edgewood, 2.4 percent (up from 0.3 percent); and WCM, 2.4 percent (up from 2.1 percent).

On the flipside, January was another rough month for Harris' Oakmark, which suffered an estimated $1.612 billion in net outflows, more than any other midsize fund firm and up from $1.219 billion in December. Other big January outflows sufferers included: Harbor, $715 million (up from $498 million); Resolute's American Beacon, $631 million (down from $640 million); Primecap, $578 million (down from $609 million); and Macquarie, $540 million (up from $462 million).

Proportionately, AIG led the midsize outflows pack last month, suffering estimated net January outflows equivalent to 3.7 percent of its AUM, up from 2.4 percent in December. Other big January outflows sufferers included: American Beacon, 2.5 percent (up from 2.4 percent); Oakmark, 2.4 percent (up from 1.7 percent); FMI, 2.2 percent (up from 1.4 percent); and Carillon Tower, 2.1 percent (up from 1.6 percent).

As a group, the 79 midsize fund firms brought in an estimated $2.357 billion in net January inflows, equivalent to 0.08 percent of their combined AUM and up from $5.483 billion in net December outflows. Midsize fund firms accounted for 2.83 percent of net industry inflows in January.

Across the entire industry, the 767 fund firms tracked by the M* team brought in a combined $83.274 billion in net January inflows, equivalent to 0.4 percent of industry AUM and up from $67.673 billion in December. Passive funds brought in an estimated $65.959 billion in net inflows in January (down from $72.573 billion in December), while active funds brought in $17.315 billion in net inflows (up from $5.009 billion in net outflows. 

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

 Do You Recommend This Story?

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:
Add to My Yahoo!
follow us in feedly

  1. 2022 IDC Fund Directors Workshop, May 26
  2. Irish Funds Annual Global Funds Conference 2022, May 30-31
  3. WealthManagement Edge, May 31 - June 3
  4. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  5. 28th annual Expect Miracles East Coast Classic, June 9
  6. 2022 Sohn Investment Conference, June 9
  7. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  8. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  9. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  10. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  11. 2022 MMI Emerging Asset Managers Forum, June 23
  12. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  13. Financial Planning INVEST, Jun 28-29
  14. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  15. MFDF Director Discussion Series - Open Forum (New York), July 20
  16. 2022 MMI Distribution Leadership Forum, Jul 20-21
  17. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  18. MFDF webinar - Performance, Perception and Manager Selection, September 14
  19. 2022 ICI Tax and Accounting Conference, Sep 18-21
  20. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  21. Nicsa Fearless Leadership Symposium, Oct 6-7
  22. 2022 MMI Annual Conference, Oct 19-21
  23. 2022 IDC Fund Directors Conference, Oct 24-26
  24. 18th annual Expect Miracles Wine & Spirits Event, October 27
  25. Nicsa 2022 General Membership Meeting, October 31 - November 2
  26. Tiburon CEO Summit XLIII, Nov 7-9

©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