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

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

Rating:Defiance Takes the Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 17, 2020

Defiance Takes the Lead

Reported by Neil Anderson, Managing Editor

A Gotham ETF startup took the lead last month among the smallest fund firms.

This article draws from Morningstar Direct data on November 2020 open-end mutual fund and ETF flows, excluding money-market funds and funds-of-funds. More specifically, this article focuses on the 481 firms (down from 490 in October) with less than $1 billion each in long-term fund AUM. 218 of those firms gained net inflows in November (up from 197 in October), and 211 gained net year-to-date inflows as of the end of November.

Defiance ETFs took the micro firm lead last month, thanks to an estimated $101 million in net November inflows, up from $84 million in October Other big November inflows winners included: Renaissance Capital, $98 million (up from $84 million); Advisors Preferred, $73 million (down from $96 million); Toroso, $62 million (up from $32 million); and Aristotle, $59 million (up from $23 million).

Last month included three apparent newcomers: 2nd Vote Funds, Changebridge, and Leatherback.

YTD, as of the end of November, Toroso still leads the micro firm pack thanks to an estimated $802 million in net inflows. Other big YTD inflows winners included: Axonic, $637 million; Defiance, $499 million; Aptus Capital Advisors, $440 million; and Rational Funds, $428 million.

On the flip side, November was a rough month for SRN Advisors, which suffered an estimated $231 million in net outflows, more than any other micro fund firm and up from negligible net outflows in October. Other big November outflows sufferers included: Ryan Labs, $56 million (up from $20 million); Walthausen Funds, $48 million (up from $2 million); AXS, $47 million (up from $15 million); and Horizon Investments, $440 million (up from $9 million).

YTD as of the end of November, Chiron still led the micro pack with an estimated $727 million in net outflows in 2020. Other big YTD outflows sufferers included: Schroder, $710 million; Phaecian, $449 million; Highland, $358 million; and 361, $309 million.

As a group, micro fund firms brought in an estimated $6 million in net November inflows, equivalent to 0.01 percent of their combined AUM and accounting for 0.01 percent of overall industry inflows. That's up from $45 million in net October outflows. YTD, micro firms suffered $627 million in net outflows.

Across the entire industry, the 747 fund firms (down from 756 in October) tracked by the M* team brought in an estimated $112.028 billion in net November inflows, up from $15.64 billion in October. Active fund firms brought in an estimated $16.857 billion in net November inflows, while passive funds brought in $95.171 billion in net inflows. YTD, long-term funds and ETFs have brought in an estimated $128.103 billion in net inflows. 

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
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:
Raw XML
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