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, August 16, 2019 A Subadvised Fund Firm Is Back On Top, Proportionately A broker-dealer's proprietary, subadvised fund family regained the lead last month, pound for pound.
Edward Jones' Bridge Builder regained the lead last month, with estimated net July inflows of $75 million per fund, up from $38 million per fund in June. Other big July winners included: Grayscale, $65 million per fund (up from $6 million per fund); WCM, $65 million per fund (up from $53 million per fund); Jensen, $53 million per fund (up from $5 million per fund in outflows); and Stone Ridge, $44 million per fund (up from $18 million per fund in outflows). On the flip side, last month was a rough one for Primecap, which suffered an estimated $142 million per fund in net July outflows, more than any other fund firm and up from $138 million per fund in June. Other big July sufferers included: Independent Franchise Partners, $136 million per fund (down from $27 million per fund in inflows); Dodge & Cox, $75 million per fund (down from $189 million per fund); Harris' Oakmark, $42 million per fund (down from $50 million per fund); and IVA, $39 million per fund (down from $41 million per fund. The whole mutual fund and ETF industry (excluding money-market funds and funds of funds) brought in $645,000 per fund in estimated net July inflows, down from $1.119 million per fund in June. Printed from: MFWire.com/story.asp?s=60105 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |
