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

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

Rating:$1.82MM Flowed Out of the Average Fund Last Month Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 24, 2022

$1.82MM Flowed Out of the Average Fund Last Month

Reported by Neil Anderson, Managing Editor

The average long-term fund or ETF saw nearly $2 million in assets exit last month amid continuing market turmoil.

This article draws from Morningstar Direct data on September 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 proportional lead last month, thanks to an estimated $71 million per fund in net September 2022 inflows, up month-over-month from $38 million per fund in August 2022 and up year-over-year from $22 million per fund in September 2021. Other big September 2022 inflows winners included: Hamlin Funds, $45 million per fund (up M/M from $344,000 per fund in net outflows, up Y/Y from $4 million per fund in net inflows); PFM, $42 million per fund (up M/M from $41 million per fund, down Y/Y from $51 million per fund); Ark, $36 million per fund (up M/M from $105 million per fund in net outflows, up Y/Y from $230 million per fund in net outflows); and RBB, $33 million per fund (up M/M from $26 million per fund).

Core Alternative also led the pack proportionately last quarter, thanks to an estimated $201 million per fund in net third quarter 2022 inflows. Other big Q3 2022 inflows winners included: Strive, $172 million per fund; and Schwab, $92 million per fund.

So far in 2022, Edward Jones' Bridge Builder leads the inflows pack, thanks to an estimated $714 million per fund in net year-to-date inflows as of September 30. Other big YTD inflows winners included: Schwab, $252 million per fund; and GQG, $252 million per fund.

On the flip side, Edgewood led the outflows pack proportionately last month for a fourth month in a row, thanks to an estimated $302 million per fund in net September 2022 outflows, up M/M from $220 million in August 2022 and up Y/Y from $216 million per fund in September 20221. Other big September 2022 outflows sufferers included: Aspiriant, $89 million per fund (up M/M from $10 million per fund, down Y/Y from $365,000 per fund in net inflows); Dodge & Cox, $87 million per fund (down M/M from $27 million per fund in net inflows, down Y/Y from $144 million per fund in net inflows); River Canyon, $75 million per fund (up M/M from $19 million per fund, down Y/Y from $40 million per fund in net inflows); and Primecap, $69 million per fund (up M/M from $40 million per fund, down Y/Y from $89 million per fund).

Edgewood also led the outflows pack proportionately last quarter, thanks to an estimated $769 million per fund in net Q3 2022 outflows. Other big outflows sufferers included: Spyglass Capital Management, $217 million per fund; and AAAMCO, $171 million per fund.

And Edgewood now leads the 2022 outflows pack proportionately, thanks to an estimated $1.081 billion per fund in net YTD outflows as of September 30. Other big outflows sufferers included: Primecap, $906 million per fund; and River Canyon, $488 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 $1.82 million per fund in net September 2022 outflows. That's down M/M from $114,000 per fund in August 2022 inflows and down Y/Y from $1.377 million per fund in September 2021 inflows.

The industry suffered $2.022 million per fund in net Q3 2022 inflows. After the first nine months of 2022, the industry had suffered an estimated $4.682 million per fund in net YTD outflows. 

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


  1. MFDF Director Discussion Series - Open Forum via Zoom, December 7
  2. 2022 MMI Leadership Pathway Seminar, December 7
  3. 2022 Samfund Annual Celebration, December 7
  4. IMEA In Session - Cyber Security Trends, December 8
  5. U.S. Securities and Exchange Commission Investor Advisory Committee meeting, December 8
  6. MFDF webinar - Investment Valuation and Governance: Deloitte's 20th Annual Fair Valuation Pricing Survey, December 8
  7. Women in ETFs Philadelphia - Holiday Happy Hour With Project Home, December 8
  8. MMI webinar - Defining & Stimulating the Client Experience, December 9
  9. US SIF media webinar: US Sustainable Investing Trends 2022, December 12
  10. Vett Fi Advisor Perspectives Investment Insights Summit 2022, December 13
  11. IDC webinar - Spotlight on the SEC's Swing Pricing and Hard Close Proposals, December 14
  12. 2022 MMI Webinar Sponsored by the MMI Blockchain Finance Forum: Digital Asset Classification, December 14
  13. WE Boston: Annual Give Back Event 2022, December 14
  14. MFDF In Focus: Closed-End Fund Activism, December 14
  15. Crane Data's Money Fund University, Dec 15-16
  16. Crane Data's Holiday Cocktail Party, December 15
  17. MFDF webinar - Impact of 2022 Mid-Term Elections on the Financial Industry, January 10, 2023
  18. IDC's Foundations for Fund Directors, January 11 - 12, 2023
  19. MFDF 2023 Directors' Institute, January 23 - 25, 2023
  20. Exchange: an ETF Experience, February 5 - 8, 2023
  21. 8th Annual Expect Miracles in Manhattan, February 16, 2023
  22. MFDF webinar - Fund Industry Claims Trends: An Insurer's Perspective, March 1, 2023
  23. MFDF 2023 Fund Governance & Regulatory Insights Conference, March 9 - 10, 2023
  24. Crane Data's Bond Fund Symposium, March 23 - 24, 2023
  25. 2023 MMI Summit, March 29 - 30, 2023
  26. 34th Sub-Advised Funds Forum, April 3 - 4, 2023




©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