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, December 21, 2018 Blackstone Leads as Outflows Per Fund Drop As net mutual fund outflows dropped last month, a private equity firm's mutual funds led the pack, proportionately.
Blackstone took the lead last month pound for pound, bringing in an estimated $191 million per mutual fund in November, up from $15 million per fund in net outflows in October. Other big November winners included: Morningstar's own new fund family, $72 million per fund; O'Shares, $32 million per fund (up from $2 million per fund in net outflows); Edward Jones' Bridge Builder, $32 million per fund (down from $113 million per fund); and AAAMCO, $28 million per fund (up from $10 million per fund). On the flip side, November was a rough month for Dodge & Cox, which suffered an estimated $230 million per fund in net outflows, more than any other fund firm but down from $242 million per fund in October. Other big November outflows sufferers included: Chilton, $220 million per fund (up from $4 million per fund); Southeastern's Longleaf, $171 million per fund (up from $13 million per fund); Broadview, $104 million per fund (up from $3 million per fund); and Harris' Oakmark, $90 million per fund (up from $50 million per fund). Industrywide, across 41,708 ETFs and long-term, open-end mutual funds (excluding funds of funds), the average fund suffered an estimated $35,000 in net outflows in November, down from $712,000 per fund in net outflows in October. Printed from: MFWire.com/story.asp?s=59099 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |
