A liquid alts shop in the Southeast took the inflows lead proportionately last month as industry outflows per fund fell 79 percent.

David Pursell Core Alternative Capital Founder, CEO

This article draws from Morningstar Direct data on July 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.)

Core Alternative Capital took the lead last month, thanks to an estimated $93 million per fund in net July 2022 inflows, up month-over-month from $12 million per fund in June 2022 outflows and up year-over-year from $3 million per fund in July 2021 inflows. Other big July 2022 inflows winners included: Aspiriant, $73 million per fund (up M/M from $17 million per fund in net outflows, up Y/Y from $12 million per fund in net inflows); Ark, $47 million per fund (up M/M from $18 million per fund in net outflows, up Y/Y from $196 million per fund in net outflows); VS Trust, $43 million per fund (up M/M from $1 million per fund in net outflows); and Charles Schwab, $41 million per fund (up M/M from $13 million per fund, up Y/Y from $35 million per fund.)

So far in 2022, Advanced Series Trust leads the inflows pack, thanks to an estimated $2.927 billion per fund in net year-to-date inflows as of July 31. Other big YTD inflows winners included: Edward Jones' Bridge Builder, $685 million per fund; and Horizon Kinetics, $254 million per fund.

On the flip side, Edgewood led the outflows pack proportionately for a second month in a row last month, thanks to an estimated $247 million per fund in net July 2022 outflows, up M/M from $220 million per fund in June 2022 and down Y/Y from $179 million per fund in July 2021 inflows. Other big July 2022 outflows sufferers included: Spyglass, $155 million per fund (up M/M from $58 million per fund, down Y/Y from $62 million per fund in net inflows); Primecap, $49 million per fund (down M/M from $87 million per fund, down Y/Y from $63 million per fund); Callahan's Trust for Credit Unions, $42 million per fund (up M/M from $20 million per fund, down Y/Y from $1 million per fund in net inflows); and Sequoia, $40 million per fund (down M/M from $58 million per fund, down Y/Y from $66 million per fund).

Primecap still leads the 2022 outflows pack proportionately so far, thanks to an estimated $796 million per fund in net YTD outflows as of July 31. Other big YTD outflows sufferers included: Edgewood, $559 million per fund; and River Canyon, $394 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 $309,000 per fund in net July 2022 outflows. That's down M/M from $1.459 million per fund in June 2022, and it's down Y/Y from $1.704 million per fund in July 2021 inflows.

As of July 31, the industry has suffered an estimated $2.927 million per fund in net 2022 outflows. 

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