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Rating:Outflows Per Fund Fall By $1.19MM Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 22, 2022

Outflows Per Fund Fall By $1.19MM

Reported by Neil Anderson, Managing Editor

A new Texas entrant in the ETF space took the inflows lead last month proportionately as industry outflows shrunk.

This article draws from Morningstar Direct data on May 2022 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.)

STF Management took the lead last month, thanks to an estimated $86 million per fund in net May 2022 inflows. Other big May 2022 inflows winners included: GQG, $63 million per fund (up month-over-month from $24 million per fund in April 2022, up year-over-year from $30 million per fund in May 2021); Regents Park, $53 million per fund (up M/M from $2 million per fund); Ark, $52 million per fund (up M/M from $12 million per fund, up Y/Y from $244 million per fund in net outflows); and Invenomic, $40 million per fund (up M/M from $27 million per fund, up Y/Y from $5 million per fund).

After the first five months of the year, Edward Jones' Bridge Builder kept the 2022 inflows lead with an estimated $644 million per fund in net year-to-date inflows. Other YTD inflows winners included: Horizon Kinetics, $549 million per fund; and Invenomic, $168 million per fund.

On the flip side, Primecap took the outflows lead last month, thanks to an estimated $189 million per fund in net May 2022 outflows, up M/M from $125 million per fund in April 2022 and up Y/Y from $82 million per fund in May 2021. Other big May 2022 outflows sufferers included: Edgewood, $147 million per fund (down M/M from $196 million per fund, down Y/Y from $54 million per fund in net inflows); Aspiriant, $144 million per fund (up M/M from $18 million per fund, down Y/Y from $2 million per fund in net inflows); Akre, $83 million per fund (up M/M from $58 million per fund, down Y/Y from $4 million per fund); and Spyglass, $75 million per fund (up M/M from $30 million per fund, down Y/y from $50 million per fund).

As of May 31, Primecap also led the 2022 outflows pack thanks to an estimated $660 million per fund in net YTD outflows. Other big outflows sufferers included: River Canyon, $338 million per fund; and Akre, $286 million per fund.

The whole long-term U.S. mutual fund and ETF industry (excluding money-market funds and funds of funds) suffered an estimated $930,000 per fund in net May 2022 outflows, down M/M from $2.12 million per fund in April 2022 and down Y/Y from $1.987 million per fund in net May 2022 inflows.

In the first five months of 2022, funds suffered an estimated $1.108 million per fund in net outflows. 

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