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, January 28, 2021 Inflows Fell Last Year, But They Still Beat 2018 Despite a 48-percent drop in inflows last year, pound for pound, they were still 36 percent ahead of 2018.
Ark took the lead last year, bringing in an estimated $2.947 billion per fund in net 2020 inflows, up from $64 million in 2019. Other big 2020 inflows winners included: Grayscale, $1.848 billion per fund (up from $197 million); Edward Jones' Bridge Builder, $1.519 billion per fund (up from $954 million); Edgewood, $1.006 billion per fund (up from $495 million); and Spyglass Capital Management, $936 million per fund (up from $182 million). Ark kept the lead last quarter, thanks to an estimated $1.879 billion per fund in net Q4 2020 inflows, up from $645 million in Q3. Other big Q4 inflows winners included: Grayscale, $1.067 billion per fund; Bridge Builder, $606 million per fund (up from $134 million); Spyglass, $305 million per fund (up from $205 million); and EMQQ, $250 million (up from $188 million). And Ark kept the lead last month, too, thanks to an estimated $1.173 billion per fund in net December 2020 inflows, up from $406 million in November. Other big December inflows winners included: Grayscale, $550 million per fund (up from $366 million); EMQQ, $108 million per fund (up from $91 million); Spyglass, $103 million per fund (up from $100 million); and Logan Circle Partners, $99 million per fund (up from $1 million per fund). On the flip side, last year was a rough one for Primecap, which suffered an estimated $3.308 billion per fund in net 2020 outflows, more than any other fund firm and up from $1.236 billion in 2019. Other big 2020 outflows sufferers included: Dodge & Cox, $3.038 billion per fund (up from $1.355 billion); IVA, $736 million per fund (up from $388 million); Blackstone, $627 million per fund (down from $272 million in net inflows); and FMI, $570 million per fund (up from $70 million). Dodge & Cox led the outflows pack proportionately last quarter, with estimated net Q4 2020 outflows of $778 million per fund, up from $455 million per fund in Q3. Other big Q4 outflows sufferers included: Primecap, $677 million per fund (down from $715 million); Blackstone, $145 million per fund (up from $79 million); IVA, $132 million per fund (down frm $259 million); and Sequoia, $126 million per fund (up from $82 million). Primecap took the outflows lead last month, suffering an estimated $305 million per fund in net December 2020 outflows, up from $190 million in November. Other big December outflows sufferers included: Dodge & Cox, $219 million per fund (down from $284 million); Edgewood, $206 million per fund (down from $81 million); Blackstone, $66 million per fund (up from $41 million); and IVA, $53 million per fund (up from $36 million). The whole U.S. mutual fund and ETF industry, excluding money-market funds and funds-of-funds, brought in an estimated $5.289 million per fund in 2020 inflows, down from $10.132 million in 2019 (but still up from $3.89 million in 2018). In Q4 2020, the industry brought in $5.296 million per fund in long-term inflows, up from $2.252 million in Q3. And in December, the industry brought in $2.329 million per fund in long-term inflows, down from $2.712 million in November. Printed from: MFWire.com/story.asp?s=62438 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |
