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The insiders' edge for 40 Act industry executives!
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Wednesday, November 17, 2021 KraneShares Leads As Midsize Inflows Rebound 39 Percent A niche ETF shop took the lead last month among midsize fund firms as the group's inflows climbed 39 percent.
Midsize firms had $2.969 trillion in combined long-term fund AUM as of October 31, 2021, and they accounted for 10.68 percent of overall industry long-term fund AUM. That compares with $2.816 trillion and 10.57 percent on September 30, 2021, and $2.833 trillion and 13.59 percent on October 31, 2020. 35 midsize firms brought in net long-term inflows in October 2021, up from 34 in September 2021 but level with 35 in October 2020. KraneShares captured the lead among midsize firms last month, thanks to an estimated $1.674 billion in net October 2021 inflows, up month-over-month from $945 million in September 2021 and up year-over-year from $479 million in October 2020. Other big October 2021 inflows winners included: Mirae (including Global X), $1.28 billion (down M/M from $1.442 billion, up Y/Y from $629 million); WisdomTree, $1.231 billion (up M/M from $261 million, up Y/Y from $158 million); DoubleLine, $1.17 billion (up M/M from $110 million in net outflows, up Y/Y from $621 million in net outflows); and Great-West, $773 million (down M/M from $2.601 billion, up Y/Y from $410 million in net outflows). KraneShares also took the lead proportionately last month, thanks to estimated net October 2021 inflows equivalent to 11.1 percent of its AUM. Other big inflows winners included: Mercer, 4.7 percent; Great-West, 3/1 percent; GQG, 3.1 percent; and Mirae, 2.9 percent. Mirae remains the midsize pack inflow winner year-to-date as of October 31, 2021, thanks to an estimated $17.617 billion in net inflows. Other big YTD inflows winners included: Ark, $11.423 billion; and KraneShares, $11.297 billion. Ark led the midsize inflows pack for the 12-month period ending October 31, 2021, thanks to an estimated $22.475 billion in net inflows. Other big inflows winners included: Mirae, $20.694 billion; and VanEck, $12.362 billion. On the flip side, last month was a rough one for Rafferty's Direxion, which led the midsize outflows pack thanks to an estimated $959 million in net October 2021 outflows, down M/M from $961 million in net September 2021 inflows but up Y/Y from $626 million in net October 2020 outflows. Other big October 2021 outflows sufferers included: Harbor, $793 million (down M/M from $1.247 billion, up Y/Y from $781 million); Voya, $659 million (up M/M from $573 million, up Y/Y from $505 million); FPA, $471 million (down M/M from $74 million in net inflows, up Y/Y from $9 million); and Virtus, $471 million (up M/M from $86 million, up Y/Y from $272 million). Direxion also led the midsize outflows pack proportionately last month, thanks to estimated net outflows equivalent to 3.4 percent of its AUM. Other big October 2021 outflows sufferers included: AQR, 2.9 percent; Aberdeen, 2.2 percent; FPA, 2.1 percent; and Matthews Asia, 1.5 percent. Harbor still leads the midsize outflows pack in 2021, thanks to an estimated $7.724 billion in net YTD outflows as of October 31. Other big YTD outflows sufferers icluded: Voya, $5.438 billion; and MassMutual, $5.096 billion. The same trio led the midsize outflows pack for the 12-month period ending October 31, 2021: Harbor with $8.953 billion in net outflows, Voya with $7.199 billion, and MassMutual with $5.3 billion. As a group, midsize firms brought in an estimated $4.502 billion in net inflows in October 2021, equivalent to about 0.15 percent of their combined AUM and accounting for 5.37 percent of overall industry long-term inflows. That compares with $3.235 billion, 0.11 percent of AUM, and 5.67 percent of industry inflows in September 2021, and $6.38 billion, 0.23 percent of AUM, and 47.5 percent of industry inflows in October 2020. In the first ten months of 2021, midsize firms brought in an estimated $88.584 billion in net inflows, equivalent to 2.98 percent of their combined AUM and accounting for 8.5 percent of overall industry inflows. And in the 12-month period ending October 31, 2021, midsize firms brought in $111.234 billion, equivalent to 3.75 percent of their AUM and accounting fro 8.86 percent of industry inflows. Across the entire industry, the 781 firms (up from 777 in September 2021 and 756 in October 2020) tracked by the M* team brought in a combined $83.864 billion in net long-term inflows in October 2021, equivalent to 0.3 percent of industry long-term AUM of $27.795 trillion. That's up from $57.068 billion in inflows and $26.634 trillion in September 2021 and with $13.432 billion in inflows and $20.853 trillion in AUM in October 2021. Active funds brought in an estimated $5.324 billion in October 2021 inflows, down M/M from $9.916 billion but up Y/Y from $6.934 billion in net outflows. Passive funds brought in $78.71 billion in October inflows, up M/M from $47.828 billion and up Y/UY from $20.374 billion. In the first ten months of 2021, long-term funds brought in $1.041921 trillion in net inflows, equivalent to 3.75 percent of their combined AUM. And in the 12 months ending October 31, 2021, long-term funds brought in $1.255539 trillion in net inflows, equivalent to 4.52 percent of their AUM. Printed from: MFWire.com/story.asp?s=63659 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |
