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 |
|
Friday, July 20, 2018 Pound For Pound, a B-D Dominates Inflows Proportionately, last month was a great month for a broker-dealer's subadvised mutual fund family. This article draws from Morningstar Direct data on open-end mutual fund and ETF flows (excluding money market funds and funds of funds) from June 2018. Edward Jones' Bridge Builder brought in an estimated $382 million per fund in June, more than any other fund firm and up from $195 million in May. Other big inflows winners in June included: PrimeCap, $173 million per fund (down from $218 million); Chiron, $62 million per fund (down from $78 million); GraniteShares, $47 million per fund (up from $540,000); and Ark, $45 million per fund (up from $24 million). On the flip side, Dodge & Cox suffered an estimated $246 million in net outflows per fund in June, more than any other fund firm and down from $35 million per fund in net inflows in May. Other big outflows sufferers in June included: Edgewood, $142 million per fund (down from $242 million per fund in net inflows); Cambiar, $68 million per fund (down from $3 million per fund in net inflows); Sands, $54 million per fund (down from $4 million per fund in net inflows); and Tweedy Browne, $42 million per fund (down from $16 million). Across the industry, the average open-end mutual fund or ETF suffered an estimated $569,000 in net outflows in June, down from $944,000 in net inflows in May. Printed from: MFWire.com/story.asp?s=58360 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |