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 |
|
Monday, September 23, 2019 A Focused Fund Firm Wins In August For the second time this year, a certain focused mutual fund shop based in Virginia took the lead last month, pound for pound.
Akre regained the lead last month, with estimated net August inflows of $66 million per fund, up from $39 million per fund in July. Other big August winners included: Edward Jones' Bridge Builder, $53 million per fund (down from $75 million per fund); WCM, $44 million per fund (down from $65 million per fund); Independent Franchise Partners, $40 million per fund (up from $136 million per fund in net outflows); and Charles Schwab, $28 million per fund (roughly level with July). On the flip side, last month was another rough one for Primecap, which suffered an estimated $153 million per fund in net August outflows, more than any other fund firm and up from $142 million per fund in July. Other big August sufferers included: Dodge & Cox, $103 million per fund (up from $75 million per fund); Harris' Oakmark, $51 million per fund (up from $42 million per fund); IVA, $38 million per fund (down from $39 million per fund); and SSgA, $36 million per fund (down from $31 million per fund in net inflows). The whole mutual fund and ETF industry (excluding money-market funds and funds of funds) suffered $384,000 per fund in estimated net August outflows, down from $645,000 per fund in net July inflows. Printed from: MFWire.com/story.asp?s=60275 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |
