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

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

Rating:Bridge Builder Repeats, Netting $58MM Per Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 22, 2023

Bridge Builder Repeats, Netting $58MM Per Fund

Reported by Neil Anderson, Managing Editor

A B-D's multi-manager mutual fund arm kept the inflows lead proportionately last month, even as the industry returned to overall inflows.

This article draws from Morningstar Direct data on April 2023 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 for a second month in a row last month, thanks to an estimated $58 million per fund in net inflows, down month-over-month from $214 million per fund in March 2023 and down year-over-year from $234 million per fund in April 2022. Other big April 2023 inflows winners included: Mercer, $51 million per fund (up M/M from $6 million per fund, up Y/Y from $13 million per fund in net outflows); River Canyon, $43 million per fund (up M/M from $21 million per fund, up Y/Y from $117 million per fund in net outflows); Baird (including Strategas), $28 million per fund (up M/M from $15 million per fund, up Y/Y from $25 million per fund in net outflows); and VS Trust, $27 million per fund (up M/M from $24 million per fund, up Y/Y from $18 million per fund).

Bridge Builder also leads the 2023 proportional inflows pack so far, thanks to estimated net year-to-date inflows of $335 million per fund as of April 30. Other big YTD inflows winners include: Kovitz, $154 million per fund; and Dodge & Cox, $122 million per fund.

On the flip side, Ark took the outflows lead last month, thanks to an estimated $52 million per fund in net April 2023 outflows, down M/M from $14 million per fund in March 2023 inflows and down Y/Y from $12 million per fund in April 2022 inflows. Other big April 2023 outflows sufferers included: Edgewood, $49 million per fund (down M/M from $153 million per fund, down Y/Y from $196 million per fund); Akre, $46 million per fund (down M/M from $65 million per fund, down Y/Y from $58 million per fund); Primecap, $40 million per fund (down M/M from $89 million per fund, down Y/Y from $125 million per fund); and Ruanne Cunniff & Goldfarb's Sequoia, $34 million per fund (up M/M from $31 million per fund, up Y/Y from $20 million per fund).

Edgewood leads the 2023 proportional outflows pack so far, thanks to an estimated $235 million per fund in YTD outflows as of April 30. Other big outflows sufferers include: Primecap, $230 million per fund; and Akre, $143 million per fund.

The whole long-term U.S. mutual fund and ETF industry brought in $156,000 per fund in net April 2023 inflows. That's up M/M from $605,000 per fund in net March 2023 outflows and up Y/Y from $2.12 million per fund in April 2022 outflows.

So far in 2023, the industry has brought in $543,000 per fund in net inflows. 

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
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use