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 |
|
Tuesday, November 27, 2018 Vanguard Simultaneously Won and Lost Last Month October was a big month for Vanguard, in both good and bad ways.
Fidelity again led the active side of the industry, with estimated active inflows of $2.456 billion in October, up from $1.783 billion in September. Other big active inflow winners in October included: Lord Abbett, $977 million (down from $1.153 billion); Edward Jones' Bridge Builder, $900 million (up from $374 million); DFA, $826 million (down from $962 million); and Hartford, $693 million (up from $128 million in net outflows). On the passive side, low-cost leviathan Vanguard led the pack with estimated passive net inflows of $13.269 billion in October, down from $16.34 billion in September. Other big passive inflow winners in October included: Fidelity, $4.473 billion (down from $4.777 billion); Schwab, $2.596 billion (up from $1.319 billion); J.P. Morgan, $1.325 billion (up from $782 million); and Rafferty's Direxion, $1.116 billion (up from $88 million in net outflows). On the flip side, October was a rough month for Vanguard's active funds, which suffered an estimated $4.271 billion in net outflows, more than any other active fund firm and down from $136 million in net inflows in September. Other big October sufferers on the active side included: Franklin Templeton, $2.627 billion (down from $2.711 billion); Pimco, $2.391 billion (up from $556 million); Harbor, $2.125 billion (down from $3.519 billion); and T. Rowe Price, $1.901 billion (up from $1.53 billion). Among passive players, SSgA suffered an estimated $7.018 billion in net passive outflows in October, more than any other firm and down from $10.208 billion in net inflows in September. Other big passive sufferers in October included: Invesco, $2.789 billion (up from $653 million); First Trust, $1.984 billion (down from $1.215 billion in net inflows); Milleis Investissements Funds, $498 million (down from $121 million in net inflows); and Robo Global, $253 million (up from $29 million). Industrywide, active funds suffered $45.764 billion in net outflows in October, up from $13.698 billion in September. Passive funds brought in $16.862 billion in combined net inflows in October, down from $41.967 billion in September. Printed from: MFWire.com/story.asp?s=58962 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |
