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

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

Rating:Neos Repeats, Netting $88MM Per Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 22, 2023

Neos Repeats, Netting $88MM Per Fund

Reported by Neil Anderson, Managing Editor

A quantitative ETF startup led the inflows pack proportionately again last month, even as industry inflows per fund slowed by about 10 percent.

Troy Michael Cates
NEOS Investments LLC
Co-Founder, Managing Partner
This article draws from Morningstar Direct data on July 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.)

Neos led the way for a second month in a row, thanks to an estimated $88 million per fund in net July 2023 inflows, down month-over-month from $99 million per fund in June 2023. Other big July 2023 inflows winners included: Edward Jones' Bridge Builder, $50 million per fund (up M/M from $43 million, up year-over-year from $16 million in July 2022); Ark, $42 million per fund (up M/M from $48 million in net outflows, down Y/Y from $47 million in net inflows); Distillate Capital, $42 million per fund (up M/M from $8 million, up Y/Y from $16 million); and Baird (including Strategas), $39 million per fund (down M/M from $49 million, up Y/Y from $17 million in net outflows).

Bridge Builder still leads the 2023 pack so far, thanks to an estimated $605 million per fund in net year-to-date inflows as of July 31. Other big YTD inflows winners included: Neos, $210 million fund; and Baird, $204 million per fund.

On the flip side, Edgewood led the outflows pack for a third month in a row, thanks to an estimated $203 million per fund in net July 2023 outflows, up M/M from $161 million per fund in June 2023 but down Y/Y from $247 million per fund in July 2022. Other big July 2023 outflows sufferers included: Primecap, $69 million per fund (down M/M from $131 million per fund, up Y/Y from $49 million per fund); Akre, $37 million per fund (down M/M from $60 million per fund, down Y/Y from $5 million per fund in net inflows); RCF's Sequoia, $34 million per fund (down M/M from $47 million per fund, down Y/Y from $40 million per fund); and Mercer, $25 million per fund (up M/M from $8 million per fund, down Y/Y from $11 million per fund in net inflows).

Edgewood also still leads the 2023 outflows pack so far, thanks to an estimated $686 million per fund in net YTD outflows as of July 31. Other big YTD outflows sufferers included: Primecap, $496 million per fund; and Akre, $298 million per fund.

In July 2023, the industry brought in about $768,000 per fund in net estimated inflows. That's down M/M from about $857,000 in June 2023, and up Y/Y from $309,000 per fund in net July 2022 outflows.

The whole long-term U.S. mutual fund and ETF industry brought in $1.673 million per fund in net YTD inflows as of July 31. 

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