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

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

Rating:ProShares Takes the Midsize Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 27, 2018

ProShares Takes the Midsize Lead

Reported by Neil Anderson, Managing Editor

Among midsize mutual fund firms, ProShares took the lead last month.

The fund flows information within this article draws from Morningstar Direct data. This article digs into fund flows for January 2018.

ProShares brought in an estimated $2.051 billion in net mutual fund and ETF inflows in January, more than any other fund family with between $10 billion and $100 billion in AUM, up from $705 million in outflows in December. Other top inflow shops in the midsize AUM range in January included: First Trust, $1.271 billion; Global X, $1.206 billion; Van Eck, $1.056 billion; and Edward Jones' Bridge Builder, $1.038 billion.

On a relative basis, Global X led the midsize fund firm pack in January with estimated net inflows equivalent to 11.81 percent of its AUM. Other big inflow winners proportionately last month included: ProShares, 5.71 percent; Credit Suisse, 4.7 percent; Brown Advisory, 4.06 percent; and Great-West, 2.69 percent.

On the flip side, January was a rough month for Wells Fargo, which suffered estimated net outflows of $1.978 billion, more than any other midsize fund firm. Other big sufferers last month included: Harbor, $1.823 billion; Voya, $738 million; WisdomTree, $723 million; and Deutsche, $656 million.

Proportionately, Harbor was the biggest sufferer in January among midsize fund firms, with estimated net outflows equivalent to 2.51 percent of its AUM. Other big sufferers last month, proportionately, included: Wells Fargo, 2.12 percent; Allianz, 1.93 percent; FMI, 1.88 percent; and Royce, 1.88 percent.

As a group, fund families with between $10 billion and $100 billion in AUM brought in $9.168 billion in estimated net inflows in January, equivalent to 0.3 percent of their combined AUM. That's up from $6.877 billion in net outflows in December.

Last week M* released a report about industrywide flows, and MFWire highlighted the biggest winners and losers among the largest fund firms. Across the whole industry, long-term active mutual funds brought in $24.048 billion in estimated net inflows in January, while money funds suffered $47.881 billion in net outflows and passive funds brought in $104.076 billion in net inflows. Within long-term active mutual funds, taxable bond funds, international equity funds, muni bond funds, liquid alts, commodities funds, and sector equity funds all had net inflows, while U.S. equity funds and allocation funds suffered net 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
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