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Thursday, May 21, 2020 A Focused Growth Shop Wins A focused large cap growth shop won the flows race last month, pound for pound.
Edgewood took the lead last month, with estimated net April inflows of $381 million per fund. Other big April winners included: USCF, $187 million per fund; Axonic, $185 million per fund; TransWestern Funds, $166 million per fund; and Akre, $127 million per fund. On the flip side, last month was another rough one for Primecap, which suffered an estimated $426 million per fund in net April outflows. Other big April outflows sufferers included: Dodge & Cox, $260 million per fund; BMT, $188 million per fund; Blackstone, $125 million per fund; and Edward Jones' Bridge Builder, $93 million per fund. The whole mutual fund and ETF industry, excluding money market funds and funds of funds, brought in an estimated $315,000 per fund in net inflows in April. Printed from: MFWire.com/story.asp?s=61341 Copyright 2020, InvestmentWires, Inc. All Rights Reserved |