A focused growth shop took the lead last month, pound for pound, as industry inflows climbed 23 percent.
| Alan W. Breed|
Edgewood Management LLC
This article draws from Morningstar Direct
data on open-end mutual fund and ETF flows, excluding money market funds and funds of funds, from January 2020.
took the lead last month, bringing in an estimated $217 million in net January inflows, up from $25 million in December
. Other big January inflows winners included: Vanguard
, $103 million per fund (up from $54 million); Grayscale
, $71 million per fund (up from $1 million); Edward Jones' Bridge Builder
, $63 million (down from $104 million); and Toroso
, $58 million.
On the flip side, last month was a rough one for Primecap
, which suffered an estimated $193 million per fund in net January outflows, more than any other fund firm but down from $203 million in December. Other big January outflows sufferers included: Harris' Oakmark
, $56 million per fund (up from $42 million); Dodge & Cox
, $34 million per fund (down from $224 million); FMI
, $31 million per fund (up from $22 million); and LS
, $27 million per fund (down from $31 million).
The whole mutual fund and ETF industry, excluding money market funds and funds of funds, brought in an estimated $2.006 million per fund in net January inflows, up from $1.635 million per fund in December.
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