The average mutual fund suffered nearly $9 million in net outflows last year.

This article draws from Morningstar Direct data on December 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.)

Edward Jones' Bridge Builder kept the lead proportionately last year, bringing in an estimated $862 million per fund in net inflows. Other big 2022 inflows winners included: Schwab, $339 million per fund; Core Alternative Capital, $322 million per fund; GQG, $308 million per fund; and Pacer, $232 million per fund.

SSGA led the way last quarter, thanks to an estimated $135 million per fund in net inflows in the fourth quarter. Other big Q4 2022 inflows winners included: Bridge Builder, $112 million per fund; and Schwab, $87 million per fund.

Evoke took the lead last month, thanks to an estimated $124 million per fund in net December 2022 inflows, up month-over-month from $185 million per fund in net outflows in November 2022. Other big December 2022 inflows winners included: Core Alternative, $41 million per fund (up M/M and year-over-year from $5 million); and Schwab, $34 million per fund (up M/M from $26 million per fund, down Y/Y from $36 million per fund).

On the flip side, Edgewood took the outflows lead last year, thanks to an estimated $2.353 billion per fund in 2022 inflows. Other big inflows winners included: Primecap, $1.523 billion per fund; Akre, $656 million per fund; River Canyon, $620 million per fund; and Spyglass, $553 million per fund.

Edgewood also led the pack last quarter, thanks to an estimed $1.272 billion in net Q4 2022 outflows. Other big outflows sufferers included: Primecap, $617 million per fund; and Akre, $319 million per fund.

And Edgewood led the pack last month for a seventh month in a row, thanks to an estimated $637 million per fund in net December 2022 outflows, up M/M from $422 million per fund in November 2022 and up Y/Y from $157 million per fund in December 2021. Other big December 2022 outflows sufferers included: Primecap, $275 million per fund (up M/M from $218 million per fund, roughly level Y/Y); and Akre, $153 million per fund (up M/M from $88 million, up Y/Y from $43 million per fund).

The whole long-term U.S. mutual fund and ETF industry (excluding money-market funds and funds of funds) had 42,192 funds in December 2022, down M/M from 42,249 in November 2022 but up Y/Y from 41,765 in December 2021.

The industry suffered $8.562 million per fund in net 2022 outflows. That's down Y/Y from $29.044 million per fund in net 2021 inflows.

In Q4 2022, funds suffered $3.906 million per fund in net outflows. And in December 2022, funds suffered $2.034 million per fund in net outflows, up M/M from $1.248 million per fund in November 2022 and down Y/Y from $2.098 million per fund in net December 2021 inflows. 

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