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

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

Rating:Money Fund Outflows Shrink Again Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 18, 2020

Money Fund Outflows Shrink Again

Reported by Neil Anderson, Managing Editor

Money funds' outflows fell by 63 percent last month (after a 71-percent drop the month before), and they still have massive net inflows for 2020 so far.

Sheila H. Patel
Goldman Sachs Asset Management
This article draws from Morningstar Direct data on money market mutual fund flows in the U.S. in November 2020.

Only three money fund families had positive November flows. Goldman Sachs took the lead last month, bringing in an estimated $21.596 billion in net November money fund flows, up from $20.092 billion in net October outflows. The only two other November money fund inflows winners were: BlackRock, $20.069 billion (up from $10.297 billion); and Morgan Stanley, $163 million (down from $7.314 billion).

Year-to-date, as of the end of November, BlackRock took the money fund inflows lead, thanks to an estimated $109.262 billion in net inflows. Other big YTD money fund inflows winners included: Fidelity, $94.142 billion; and Wells Fargo, $14.65 billion.

On the flip side, November was a rough month for Federated Hermes' money fund business, which led the outflows pack thanks to an estimated $16 billion net November outflows, up from $1.571 billion in October. Other big November money fund outflows sufferers included: Wells Fargo, $14.65 billion (down from $2.031 billion in net inflows); and BNY Mellon's Dreyfus, $7.592 billion (up from $2.968 billion).

Yet YTD, there is still only one money fund firm with net outflows: Charles Schwab, thanks to an estimated $19.673 billion in 2020 outflows as of November 30.

Overall, the ten money fund families tracked by the M* team suffered an estimated $9.792 billion in net outflows last month, equivalent to 0.28 percent of their combined AUM. That's down from $26.16 billion in October.

YTD, money funds have brought in an estimated $536.479 billion in net inflows, equivalent to 15.4 percent of their combined AUM. 

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

©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