An ETF titan took the inflows lead proportionately last month, even as industry outflows per fund fell 72 percent.

Cyrus Taraporevala State Street Global Advisors Outgoing President, CEO

This article draws from Morningstar Direct data on October 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.)

SSGA took the proportional lead last month, thanks to an estimated $105 million per fund in net October 2022 inflows, up month-over-month from $4 million per fund in net outflows in September 2022 and up year-over-year from $44 million per fund in net inflows in October 2021. Other big October 2022 inflows winners included: Edward Jones' Bridge Builder, $85 million per fund (up M/M from $8 million per fund in net outflows, down Y/Y from $108 million per fund in net inflows); Aspiriant, $59 million per fund (up M/M from $89 million per fund in net outflows, up Y/Y from $7 million per fund in net inflows); Core Alternative Capital, $30 million (down M/M from $71 million per fund, up Y/Y from $6 million per fund ); and Schwab, $26 million per fund (down M/M from $27 million per fund, down Y/Y from $44 million per fund).

So far in 2022, Bridge Builder continues to lead the inflows pack, thanks to an estimated $799 million per fund in net year-to-date inflows as of October 31. Other big YTD inflows winners included: Schwab, $279 million per fund; and Core Alternative Capital, $276 million per fund.

On the flip side, Edgewood led the outflows pack proportionately last month for a fifth month in a row, thanks to an estimated $212 million per fund in net October 2022 outflows, down M/M from $302 million per fund in September 2022 and down Y/Y from $104 million per fund in net inflows in October 2021. Other big October 2022 outflows sufferers included: Primecap, $125 million per fund (up M/M from $69 million per fund, up Y/Y from $73 million per fund); Akre, $79 million per fund (up M/M from $39 million per fund, up Y/Y from $3 million per fund); Bramshill, $70 million per fund (up M/M from $20 million per fund, down Y/Y from $15 million per fund in net inflows); and River Canyon, $66 million per fund (down M/M from $75 million per fund, down Y/Y from $122 million per fund in net inflows).

Edgewood also still leads the 2022 outflows pack proportionately, thanks to an estimated $1.294 billion per fund in net YTD outflows as of October 31. Other big outflows sufferers included: Primecap, $1.03 billion per fund; and River Canyon, $554 million per fund.

The whole long-term U.S. mutual fund and ETF industry (excluding money-market funds and funds of funds) suffered an estimated $518,000 per fund in net October 2022 outflows. That's down M/M from $1.82 million per fund in September 2022 and down Y/Y from $2 million per fund in net inflows in October 2021.

Over the first ten months of 2022, the industry suffered an estimated $5.455 million per fund in net outflows. 

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