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

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

Rating:In One Month, an $80B Reversal Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 24, 2022

In One Month, an $80B Reversal

Reported by Neil Anderson, Managing Editor

The biggest money market fund families' net flows improved by more than $80 billion last month, climbing back into the black.

This article draws from Morningstar Direct data on money market mutual fund flows of the ten biggest money fund families in the U.S. in May 2022.

The top ten money market fund families tracked by the M* team had $3.585 trillion in combined AUM as of May 31, 2022. That's up from $3.575 trillion on April 30, 2022 but down from $3.698 trillion on May 31, 2022.

Six of those firms brought in net money fund inflows last month, up from two in April 2022 and level with May 2021.

J.P. Morgan took the lead last month, thanks to an estimated $17.867 billion in net May 2022 money fund inflows, up month-over-month from $11 million in April 2022 outflows but down year-over-year from $24.339 billion in May 2021. Other big May 2022 money market inflows winners included: SSGA, $14.195 billion; and Morgan Stanley, $9.886 billion (up M/M from $3.168 billion in net outflows, down Y/Y from $15.099 billion).

After the first five months of 2022, only two firms had year-to-date money market inflows: SSGA, with $18.485 billion; and Vanguard, with $6.379 billion.

On the flip side, Goldman Sachs took the outflows lead last month, thanks to an estimated $20.188 billion in net May 2022 money fund outflows, down M/M from $6.699 billion in April 2022 money fund inflows and up Y/Y from $6.874 billion in May 2021. Other big May 2022 money fund outflows sufferers included: BlackRock, $3.978 billion (down M/M from $17.37 billion in net inflows, down Y/Y from $3.896 billion in net inflows); and Northern Trust, $2.859 billion (down M/M from $17.86 billion, down Y/Y from $12.839 billion in net inflows).

Northern led the 2022 money fund outflows pack as of May 31, thanks to an estimated $46.776 billion in net YTD outflows. Other big money fund outflows sufferers included: Federated Hermes, $39.322 billion; and BlackRock, $24.044 billion.

As a group, the ten biggest money fund families brought in an estimated $25.937 billion in net May 2022 inflows, equivalent to 0.72 percent of their combined AUM. That compares with $54.094 billion in net ouflows in April 2022 and with $57.205 billion in net inflows in May 2021.

As of May 31, the ten biggest money fund families had suffered an estimated $164.359 billion in net outflows YTD. That's equivalent to 4.58 percent of their combined AUM.

Editor's Note: A prior version of this story mischaracterized the data it draws on. To clarify, this article highlights the money fund flows of the 10 biggest money fund families. 

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: Q4Q3Q2Q1
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




©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