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 |
|
Thursday, July 12, 2018 Proportionately, This Growth Shop Won May A focused growth shop led the pack in May, at least proportionately. This article draws from Morningstar Direct data on open-end mutual fund and ETF flows from May 2018. Edgewood brought in an estimated $242 million per fund in May, more than any other fund firm and up from $117 million in April. Other big May winners proportionately included: Primecap, $218 million per fund (up from $153 million); Edward Jones' Bridge Builder, $195 million (up from $111 million); WealthFront, $109 million (down from $441 million); and Chiron, $78 million (up from $51 million). On the flip side, Seafarer suffered an estimated $69 million in net outflows per fund in May, more than any other fund firm and down from $2 million per fund in net inflows in April. Other big sufferers in May included: Robo Global, $53 million; TCW's MetWest, $40 million; Independent Franchise Partners, $38 million; and Port Street, $31 million. Across the industry, the average open-end mutual fund or ETF brought in an estimated $944,000 in net inflows in May, down from $964,000 in April. M* recently released a report about industrywide flows, and MFWire highlighted the biggest winners and losers among the largest fund firms. Across the whole industry, passive funds brought in $41.3 billion in net inflows in May, while active funds suffered $900 million in net outflows. Printed from: MFWire.com/story.asp?s=58312 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |