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, January 29, 2019 Bridge Builder Won Proportionately Last Year, But Not In December A B-D's multi-manager mutual fund family won the race last year, proportionately.
Edward Jones' Bridge Builder led the pack again last year, bringing in an estimated $1.98 billion in inflows per fund in 2018, up from $1.723 billion in 2017. Other big 2018 inflows winners included: Primecap, $1.162 billion per fund; Wealthfront, $825 million per fund; Blackstone, $443 million per fund; and Vanguard, $398 million per fund. Yet the picture changes when you focus on last month alone. Akre Capital Management led the pack with $80 million per fund in net December inflows, up from $25 million per fund in November. Other big December inflows winners included: AAAMCO, $80 million per fund (up from $28 million per fund); Southeastern Asset Management's Longleaf, $67 million per fund (up from $171 million in net outflows per fund); TWM, $49 million per fund (up from $17 million per fund); and Blackstone, $48 million per fund (down from $191 million per fund). On the flip side, last year was a rough one for Dodge & Cox, which suffered an estimated $1.581 billion in net 2018 outflows per fund, more than any other fund firm. Other big 2018 outflows sufferers included: Ruane Cunniff & Goldfarb's Sequoia, $538 million per fund; Tweedy Browne, $391 million per fund; FMI, $346 million per fund; and Robo Global, $331 million per fund. Dodge & Cox also led the outflows pack proportionately last month, with estimated net December outflows of $719 million per fund, up from $230 million per fund in November. Other big net December outflows sufferers included: Harris' Oakmark, $173 million per fund (up from $90 million per fund); Chiron, $167 million per fund (up from $55 million per fund); Edgewood, $157 million per fund (up from $8 million per fund); and Old Westbury, $152 million (up from $14 million). The whole mutual fund and ETF industry (excluding money market funds and funds of funds) brought in an estimated $3.89 million in net inflows per fund last year. Yet in December the industry suffered $1.98 million per fund in net outflows, up from $35,000 per fund in November. Printed from: MFWire.com/story.asp?s=59252 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |
