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 |
|
Thursday, February 20, 2020 A Focused Growth Shop Punches Above Its Weight A focused growth shop took the lead last month, pound for pound, as industry inflows climbed 23 percent.
Edgewood took the lead last month, bringing in an estimated $217 million in net January inflows, up from $25 million in December. Other big January inflows winners included: Vanguard, $103 million per fund (up from $54 million); Grayscale, $71 million per fund (up from $1 million); Edward Jones' Bridge Builder, $63 million (down from $104 million); and Toroso, $58 million. On the flip side, last month was a rough one for Primecap, which suffered an estimated $193 million per fund in net January outflows, more than any other fund firm but down from $203 million in December. Other big January outflows sufferers included: Harris' Oakmark, $56 million per fund (up from $42 million); Dodge & Cox, $34 million per fund (down from $224 million); FMI, $31 million per fund (up from $22 million); and LS, $27 million per fund (down from $31 million). The whole mutual fund and ETF industry, excluding money market funds and funds of funds, brought in an estimated $2.006 million per fund in net January inflows, up from $1.635 million per fund in December. Printed from: MFWire.com/story.asp?s=60913 Copyright 2020, InvestmentWires, Inc. All Rights Reserved |
