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Rating:WisdomTree, JPMAM, and DoubleLine Had a Big June Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 20, 2015

WisdomTree, JPMAM, and DoubleLine Had a Big June

News summary by MFWire's editors

WisdomTree [profile], J.P. Morgan Asset Management [profile], and DoubleLine [profile] killed it last month, while Pimco [profile] continued to suffer.

Per the data in the just-released "Morningstar Direct U.S. Asset Flows Update"for June, penned by Morningstar markets research senior analyst Alina Lamy, WisdomTree brought in more net inflows, as a percentage of AUM on June 30, 2015, than any other of the top 50 mutual fund shops. WisdomTree netted $1.093 billion in inflows, which translates into 1.792 percent of its June 30 AUM of $61 billion.

Next up, JPMAM brought in $2.629 billion, which is 0.9525 percent of its $276 billion in June 30 AUM. That also put JPMAM in the number three spot for raw net inflows (i.e. not as a percentage). Vanguard [profile] ($18.193 billion) and BlackRock [profile] ($6.202 billion) did net the most inflows, but as a percentage of AUM their inflows were less impressive (0.6337 percent and 0.5992 percent, respectively).

DoubleLine brought in $447 million, which is 0.7982 percent of its $56 billion in June 30 AUM.

On the flip side, Pimco suffered $7.12 billion in net outflows last month, putting it in the number one spot both absolutely and as a percentage (2.088 percent of its $341 billion in June 30 AUM). Next up was State Street Global Advisors (SSgA [profile]) with $4.496 billion in net outflows (1.097 percent of its $410 billion in AUM on June 30). In percentage terms, Goldman Sachs [profile] was next, with $997 million in net outflows (1.007 percent of its June 30 AUM).

Industrywide, it was another bumper month for passive mutual funds, which Morningstar estimates brought in $30.294 billion in net inflows. Long-term active mutual funds suffered $20.854 billion in net outflows, led by $14.451 billion in net active U.S. equity fund outflows and $10.73 billion in net active taxable bond fund outflows. And money market funds brought in $8.157 billion in net inflows. 

Edited by: Neil Anderson, Managing Editor


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