MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, March 22, 2021 Inflows Proportionately Jump 52 Percent Long-term fund flows proportionately climbed 52 percent last month, and they've risen nearly sixfold year-over-year.
Ark kept the lead last month for the four month in a row, thanks to an estimated $1.135 billion per fund in net February 2021 inflows, down slightly month-over-month from $1.172 billion January 2021 but up YOY from $40 million in February 2020. Other big February 2021 inflows winners included: Grayscale, $263 million per fund (down MOM from $510 million but up YOY from $51 million); EMQQ, $202 million per fund (up YOY from $140 million and up MOM from $11 million); Edward Jones' Bridge Builder, $187 million per fund (up MOM from $83 million and up YOY from $106 million); and Spyglass Capital Management, $100 million per fund (up MOM from $88 million and up YOY from $33 million). In the first two months of 2021, Ark led the inflows pack proportionately thanks to an estimated $2.308 billion in net YTD inflows per fund. Other big YTD inflows winners included: Grayscale, $773 million per fund; EMQQ, $342 million per fund; Bridge Builder, $270 million per fund; and Spyglass, $188 million per fund. On the flip side, Dodge & Cox took the outflows lead proportionately last month, suffering an estimated $146 million per fund in net February 2021 outflows, up YOU from $20 million and up MOM from $115 million. Other big February 2021 outflows sufferers included: Akre, $136 million per fund (up MOM from $111 million and down YOY from $2 million in net inflows); Mercer, $126 million per fund (up MOM from $6 million and down YOY from $59 million in net inflows); Edgewood, $118 million per fund (up MOM from $91 million and down MOM from $13 million in net inflows); and Primecap, $97 million per fund (down MOM from $187 million and down YOY from $227 million). YTD as of the end of February 2021, Primecap led the outflows pack proportionately, thanks to an estimated $248 million per fund in net outflows. Other big YTD outflows sufferers included: Akre, $246 million per fund; Edgewood, 209 million per fund; Dodge & Cox, $166 million per fund; and Mercer, $121 million per fund. The whole long-term U.S. mutual fund and ETF industry (excluding money-market funds and funds of funds) brought in an estimated $3.5 million per fund in net February 2021 inflows. That's up from $2.3 million in January 2021 and up from $600,000 in February 2020. As of the end of February 2021, long-term funds have brought in an estimated $5.8 million per fund in net YTD inflows. Printed from: MFWire.com/story.asp?s=62659 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |
