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

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

Rating:USCF's Massive Inflows Continue Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, May 19, 2020

USCF's Massive Inflows Continue

Reported by Neil Anderson, Managing Editor

An ETF boutique's flows last month were more than five times the inflows of any other small fund firm.

John Parish Love
USCF
President, CEO
This article draws from Morningstar Direct data on April 2020 ETF and open-end mutual fund flows, excluding money-market funds and funds-of-funds. More specifically, this article focuses on the 151 firms (up from 144 in March) with between $1 billion and $10 billion each in fund AUM. 57 of those firms gained net April inflows, up from 45 in March.

USCF kept the lead last month, thanks to an estimated $3.361 billion in net April inflows, up from $2.099 billion in March. Other big April inflows winners included: Ark, $596 million (up from $281 million); Polen, $584 million (up from $410 million); Mercer, $368 million (up from $194 million); and AlphaCentric, $359 million (up from $1.036 billion in net outflows).

USCF also led last month proportionately, thanks to estimated net inflows equivalent to 71.4 percent of its AUM, up from 69.4 percent in March. Other big April inflows winners included: U.S. Global Investors, 28.3 percent (down from 46.8 percent); AlphaCentric, 15.3 percent (up from 56.5 percent in net outflows); Ark, 12.5 percent (up from 8.6 percent); and Infinity Q, 10.6 percent (down from 14.1 percent).

On the flip side, April was a rough month for Credit Suisse, which suffered an estimated $581 million in net outflows, more than any other small fund firm but down from $791 million in March. Other big April outflows sufferers included: Robeco's Boston Partners, $534 million (down from $778 million); FMI, $519 million (down from $1.019 billion); Blackstone, $502 million (up from $443 million); and Elements Funds, $475 million (up from $387 million).

Proportionately among small fund firms, Elements had the roughest April, thanks to estimated net outflows equivalent to 40.3 percent of its AUM, up from 26.2 percent in March. Other big April outflows sufferers included: Semper, 15.1 percent (down from 42 percent); Boston Partners, 13.4 percent (down from 18.4 percent); Tortoise, 12.3 percent (up from 10.4 percent); and Brookfield, 12.1 percent (up from 1.3 percent).

As a group, the 151 small fund firms suffered an estimated $371 million in net April outflows, equivalent to 0.08 percent of their combined AUM and down 97.78 percent from March.

Across the entire industry, the 763 fund firms (down seven from March) tracked by the M* team brought in a combined $16.388 billion in net inflows, equivalent to 0.09 percent of their combined AUM. That's up from $326.378 billion in net March outflows. In April, active funds suffered an estimated $21.202 billion in net outflows (down from $309.808 billion in March), while passive funds brought in an estimated $37.598 billion in net inflows (up from $16.57 billion in net outflows in March).

Editor's Note: A prior version of this story a wrong overall inflows figure (as a percentage of AUM) for April. Estimated industry net inflows were equivalent to 0.09 percent of industry AUM.

Also, a prior version of this story gave the wrong number of small fund firms (i.e. firms with between $1 billion and $10 billion each in long-term MF and ETF AUM) tracked by M*. There were 151 of those fund firms.
 

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
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
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. WE PNW Seattle - Holiday Party, December 3
  2. WE Boston - Women's Initiative Joint Holiday Networking Reception, December 4
  3. WE South - Wine Wednesday Holiday Celebration, December 4
  4. IDC Foundations for Fund Directors, Dec 4-5
  5. Nicsa webinar - Post-Election Insights: Impact on Global Policies, Markets, and Regulations, December 4
  6. WE Denver - 2024 Annual Holiday Party, December 5
  7. WE Washington D.C. - 2024 Holiday Dinner Event, December 5
  8. MFDF webinar - BDC Board Service 101, December 10
  9. MFDF webinar - ETF Product Trends: Board Implications, December 11
  10. MFDF webinar - Visually Mapping Board Composition: Skills Matrices in Fund Board Rooms, December 18
  11. MFDF webinar - 2024 Fair Valuation Pricing Survey: Building and Strengthening the Valuation Operating Model, January 7, 2025
  12. MFDF webinar - 15(c) White Paper Webinar Series: Part 2 – Board Processes, January 9, 2025
  13. MFDF webinar - AI and Fund Compliance, January 21, 2025
  14. MFDF In Focus - In Focus: Small Boards' Use of Skills Matrices, January 22, 2025
  15. FSI OneVoice 2025, January 27 - 29, 2025
  16. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  17. 2025 ICI Innovate, February 3 - 5, 2025
  18. MFDF Director Discussion Series - Open Forum, February 10, 2025
  19. MFDF Director Discussion Series - Open Forum, February 11, 2025
  20. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025
  21. MFDF Director Discussion Series - Open Forum, April 2, 2025
  22. MFDF Director Discussion Series - Open Forum, April 15, 2025
  23. The 36th Sub-Advised Funds Forum, April 29 - 30, 2025
  24. Morningstar Investment Conference 2025, June 25 - 26, 2025
  25. MFDF Director Discussion Series - Open Forum, July 9, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use