MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, October 16, 2018 Fund Flows Rise as a Newcomer Takes the Lead Net mutual fund inflows rose nearly 18 percent last month, proportionately. This article draws from Morningstar Direct data on open-end mutual fund and ETF flows (excluding money market funds and funds of funds) from September 2018. Argent Capital Management took the lead last month, bringing in an estimated $138 million into its sole mutual fund. Other big winners in September included: Primecap, $71 million per fund (down from $173 million in August); SSgA, $48 million per fund (up from $39 million per fund in net outflows); and Edward Jones' Bridge Builder, $47 million per fund (down from $381 million). On the flip side, September was a rough month for Harbor, which suffered an estimated $33 million per fund in net outflows, up from $27 million in August. Other big September sufferers included: Independent Franchise Partners, $29 million per fund (down from $58 million per fund in net inflows); Robo Global, $29 million per fund (down from $51 million; Harris' Oakmark, $28 million per fund (up from $19 million); and Real Estate Management Services Group, $24 million per fund (up from $2 million). Industrywide, the average ETF or long-term, open-end mutual fund brought in an estimated $644,000 in net inflows in September, up from $547,000 in August. Across the whole industry, funds brought in a combined $28.269 billion in estimated inflows in September, equivalent to about 0.15 percent of their combined AUM. That's up from $22.219 billion in August. Printed from: MFWire.com/story.asp?s=58759 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |