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

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

Rating:Dodge and Cox's Proportional Inflows Rise 18-Fold Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 26, 2021

Dodge and Cox's Proportional Inflows Rise 18-Fold

Reported by Neil Anderson, Managing Editor

A value investing giant took the lead last month, pound-for-pound, thanks to an inflows increase per fund of more than 18-fold.

Dana Morton Emery
Dodge & Cox
CEO, President, Director of Fixed Income
This article draws from Morningstar Direct data on July 2021 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds. (Other asset management products, like CITs and SMAs, are also not included.)

Dodge & Cox took the lead last month, thanks to an estimated $222 million per fund in net July 2021 inflows, up month-over-month from $12 million per fund in June 2021 and up year-over-year from $107 million per fund in net outflows in July 2020. Other big July 2021 inflows winners included: Edgewood, $179 million per fund (up M/M from $66 million per fund, up Y/Y from $109 million per fund); Edward Jones' Bridge Builder, $124 million per fund (down M/M from $130 million per fund, up Y/Y from $24 million per fund); Vanguard, $87 million per fund (up M/M from $60 million per fund, up Y/Y from $25 million per fund); and Spyglass Capital Management, $62 million per fund (down M/M from $74 million per fund, up Y/Y from $59 million per fund).

Ark led the pack proportionately year-to-date as of July 31, 2021, thanks to an estimated $1.827 billion per fund in net inflows. Other big YTD inflows winners included: Bridge Builder, $1.331 billion per fund; and Grayscale, $777 million per fund.

The same three firms led the pack for the 12-month period ending July 31, 2021, though in a slight different order. ark brought in $3.849 billion per fund in net inflows, while Grayscale brought in $2.182 billion per fund and Bridge Builder brought in $2.05 billion per fund.

Yet Ark also took the outflows lead last month, suffering an estimated $196 million per fund in net July 2021 outflows, down M/M from $123 million per fund in net June 2021 inflows and down Y/Y from $213 million per fund in net July 2020 inflows. Other big July 2021 outflows sufferers included: EMQQ, $72 million per fund (up M/M from negligible net outflows per fund, down Y/Y from $53 million per fund in net inflows); Sequoia, $66 million per fund (down M/M from zero net flows, up Y/Y from $31 million per fund); Primecap, $63 million per fund (down M/M from $69 million per fund, down Y/Y from $245 million per fund); and Independent Franchise Partners, $34 million per fund (down M/M from $2 million per fund in net inflows, down Y/Y from $36 million per fund).

Primecap led the outflows pack YTD as of July 31, 2021, thanks to an estimated $635 million per fund in net outflows. Other big YTD outflows sufferers included: Akre, $261 million per fund; and Mercer, $167 million per fund.

Primecap also led the outflows pack for the 12-month period ending July 31, 2021, thanks to an estimated $1.781 billion per fund in net outflows. Other big outflows sufferers included: Dodge & Cox, $722 million per fund; and Sequoia, $316 million per fund.

The whole long-term U.S. mutual fund and ETF industry brought in an estimated $1.704 million per fund in net July 2021 inflows. That's down M/M from $2.528 million in June 2021 but up Y/Y from $994,000 per fund in July 2020.

Year-to-date, as of July 31, 2021, long-term funds brought in an estimated $18.939 million per fund in net inflows. And in the 12-month period ending July 31, 2021, they brought in an estimated $25.887 million per fund. 

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. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
  2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
  3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
  4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
  5. 2022 ICI Leadership Summit, May 25-26
  6. ALFI Roadshow to New York, May 25
  7. 2022 IDC Fund Directors Workshop, May 26
  8. Irish Funds Annual Global Funds Conference 2022, May 30-31
  9. WealthManagement Edge, May 31 - June 3
  10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  11. 28th annual Expect Miracles East Coast Classic, June 9
  12. 2022 Sohn Investment Conference, June 9
  13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  17. 2022 MMI Emerging Asset Managers Forum, June 23
  18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  19. Financial Planning INVEST, Jun 28-29
  20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  21. MFDF Director Discussion Series - Open Forum (New York), July 20
  22. 2022 MMI Distribution Leadership Forum, Jul 20-21
  23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  24. MFDF webinar - Performance, Perception and Manager Selection, September 14
  25. 2022 ICI Tax and Accounting Conference, Sep 18-21
  26. 5th annual Expect Miracles Atlantic Coast Classic, October 3




©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