MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 16, 2015 M*: Vanguard and iShares Have Dominated This Year "Vanguard and iShares have dominated this year, followed (at a much longer distance) by DFA."
Per Morningstar's estimates, Vanguard brought in $15.19 billion in net inflows in November, at the top of the pack for its tenth month this year. BlackRock [profile] (including its giant iShares [profile] ETF business and more) came second with $12.066 billion in net inflows last month. Rounding out the top five were: DFA [profile] with $1.333 billion, DoubleLine [profile] with $994 million, and TCW's MetWest [profile] with $869 million. In percentage terms, drawing from M*'s net flows estimates, DoubleLine stayed on top last month with net inflows translating into 1.6032 percent. The rest of the top five net inflow winners by percent of AUM were: BlackRock, 1.147 percent; TCW, 1.1141 percent; WisdomTree [profile], 0.86949 percent; and SEI [profile], 0.53908 percent. On the flip side, M* estimates, Pimco [profile] was again with the net outflow leader, suffering to the tune of $4.61 billion (roughly level with M*'s outflow estimate for Pimco for October). Other top outflows sufferers in November included: Franklin Templeton [profile], $3.675 billion; SSgA [profile], $2.773 billion; Fidelity [profile], $1.99 billion; and Dodge & Cox [profile], $1.714 billion. In percentage terms, drawing from M*'s net flows estimates, Waddell & Reed's Ivy Funds [profile] had the toughest November, suffering net outflows equivalent to 2.5804 percent of AUM. Others taking big outflow hits proportionately include: BNY Mellon's Dreyfus [profile], 1.8898 percent of AUM; New York Life's MainStay [profile], 1.5554 percent; Pimco, 1.4823 percent; and Goldman Sachs [profile], 1.0341 percent. As a whole, active long-term mutual fund shops had a rough November. M* estimates that $34.934 billion net flowed out of active, long-term funds last month. That includes $19.743 billion in net outflows from active U.S. equity funds, $8.377 billion from active taxable bond funds, $4.224 billion from active international equity funds, $4.126 billion from active allocation funds, $1.305 billion from active commodities funds, and $407 million from active sector equity funds. Among active, long-term funds, only municipal bond funds and alternative funds saw net inflows last month, of $2.562 billion and $686 million each, respectively. Meanwhile, M* estimates that money market funds gained $7.465 billion in net inflows last month, while passive, long-term funds netted $30.867 billion in inflows. Even when combining active and passive flows, long-term mutual funds suffered $4.067 billion in net outflows in November, with the U.S. equities, taxable bond, allocation, and commodities categories taking the hits. Printed from: MFWire.com/story.asp?s=53138 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |
