Despite rising outflows last month, money funds still brought in more than half a trillion dollars last year.
| Abigail "Abby" Pierrepont Johnson FMR (dba Fidelity Investments) Chair, President, CEO | |
This article draws from
Morningstar Direct data on money market mutual fund flows in the U.S. in December 2020.
Fidelity led the pack last year, thanks to an estimated $94.151 billion in net money fund inflows in 2020. Other big 2020 money fund inflows winners included:
Morgan Stanley, $86.951 billion; and
BlackRock, $81.792 billion.
Last quarter, Morgan Stanley took the lead, thanks to an estimated $23.14 billion in net money fund inflows in Q4 2020, up from $8.141 billion in net outflows in
Q3. Other big Q4 money fund inflows winners included:
Goldman Sachs, $3.013 billion (up from $90.835 billion in net outflows); and BlackRock, $2.897 billion (down from $19.743 billion).
Morgan Stanley also took the monthly lead in December, thanks to an estimated $15.663 billion in net money fund inflows, up from $163 million in
November. Other big December money fund inflows winners included:
BNY Mellon's Dreyfus, $9.007 billion (up from $7.592 billion in net outflows); and
J.P. MorganM, $3.734 billion (up from $1.952 billion in net outflows).
On the flip side, only one fund firm,
Charles Schwab, suffered net money fund outflows in 2020. Schwab's money funds suffered an estimated $25.855 billion in net 2020 outflows.
Last quarter,
Federated Hermes took the money fund outflows lead, thanks to an estimated $24.571 billion in net Q4 money fund outflows, up from $18.665 billion in Q3. Other big Q4 money fund outflows sufferers included:
Wells Fargo, $23.68 billion (down from $19.372 billion in net inflows); and J.P. Morgan, $22.326b billion (down from $28.241 billion).
Yet BlackRock took the monthly money fund outflows lead in December, thanks to an estimated $27.47 billion in net money fund outflows, down from $20.069 billion in November inflows. Other big December money fund outflows sufferers included: Wells Fargo, $11.06 billion (down from $14.65 billion); and Federated Hermes, $7 billion (down from $16 billion).
Overall, the ten money fund families tracked by the M* team brought in an estimated $513.207 billion in net money fund flows in 2020.
In Q4 2020, those money fund families suffered an estimated $59.224 billion in net outflows, down from $182.682 billion in Q3.
In December 2020, those money fund families suffered an estimated $23.272 billion in net outflows, up from $9.792 billion in November. 
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