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 |
|
Wednesday, June 19, 2019 A Virginia Shop Wins In May A focused mutual fund shop in Virginia took the lead last month, pound for pound.
Akre regained the lead last month, with estimated net May inflows of $76 million per fund, up from $68 million per fund in April. Other big May winners included: WCM, $54 million per fund (up from $16 million per fund); Edward Jones' Bridge Builder, $50 million per fund (down from $133 million per fund); Vanguard, $41 million per fund (up from $13 million per fund); and Edgewood, $37 million per fund (up from $8 million per fund). On the flip side, last month was a rough one for SSgA, which suffered an estimated $88 million per fund in net May outflows, more than any other fund firm and down from $28 million per fund in net April inflows. Other big May sufferers included: Primecap, $81 million per fund (down from $196 million per fund); Tweedy Browne, $78 million per fund (up from $24 million per fund); Robo Global, $68 million per fund (down from $56 million per fund in net inflows); and Chiron, $27 million per fund (down from $47 million per fund). The whole mutual fund and ETF industry (excluding money market funds and funds of funds) suffered an estimated $45,000 per fund in net May outflows, down from $1.2 million per fund in net April inflows. Printed from: MFWire.com/story.asp?s=59844 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |
