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, November 29, 2019 A B-D's Funds Lead Again A broker-dealer's subadvised mutual fund business took the lead last month, pound for pound.
Edward Jones' Bridge Builder regained the lead last month, with estimated net October inflows of $200 million per fund, up from $40 million per fund in September. Other big October inflows winners included: Aware, $131 million per fund (up from negligible outflows); Akre, $76 million per fund (up from $13 million per fund); Grayscale, $70 million per fund (up from $8 million per fund); and Horizon Investments, $43 million per fund (up from $2 million per fund). On the flip side, last month was a rough one for Independent Franchise Partners, which suffered an estimated $635 million per fund in net October outflows, more than any other fund firm and down from $26 million per fund in net September inflows. Other big October outflows sufferers included: Dodge & Cox, $97 million per fund (down from $195 million per fund); Primecap, $68 million per fund (down from $154 million per fund); IVA, $61 million per fund (up from $31 million per fund); and RYZZ Capital Management, $39 million per fund (up from $1 million per fund). The whole mutual fund and ETF industry (excluding money market funds and funds of funds) brought in an estimated $698,000 per fund in net October inflows, down from $962,000 per fund in September. Printed from: MFWire.com/story.asp?s=60572 Copyright 2019, InvestmentWires, Inc. All Rights Reserved |
