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 |
|
Wednesday, January 26, 2022 Inflows Per Fund Fall 10 Percent, But ... Last month, proportional monthly industry inflows fell 10 percent year-over-year. Yet 2021 proportional inflows for the full year were up more than five-fold from 2020.
Edward Jones' Bridge Builder took the lead last year, bringing in an estimated $1.737 billion per fund in net 2021 inflows, up from $1.519 billion in 2020. Other big 2021 inflows winners included: Ark, $954 million per fund (down Y/Y from $2.947 billion); Vanguard, $849 million per fund (up Y/Y from $339 million); Canyon Partners' River Canyon, $814 million per fund (up Y/Y from $79 million); and Horizon Kinetics, $812 million. Bridge Builder also led the pack in the fourth quarter of 2021, thanks to an estimated $371 million per fund in net inflows. Other big Q4 2021 inflows winners included: Roundhill Financial, $207 million per fund; and River Canyon, $184 million per fund. And Bridge Builder took the lead last month, too, thanks to an estimated $166 million per fund in net December 2021 inflows, up month-over-month from $102 million per fund in November 2021 and up Y/Y from $93 million per fund in December 2020. Other big December 2021 inflows winners included: Sands Capital, $138 million per fund (up M/M from $7 million in net outflows, up Y/Y from $28 million in net outflows); and SSGA, $118 million per fund (up M/M from $21 million, up Y/Y from $1 million). On the flip side, last year was another rough one for Primecap which again led the outflows pack proportionately, this time suffering an estimated $1.195 billion per fund in net outflows, down Y/Y from $3.308 billion per fund in 2020. Other big 2021 outflows sufferers included: Sunbridge Capital Partners, $931 million per fund; Sequoia, $341 million per fund (down Y/Y from $391 million); Akre, $299 million per fund (down Y/Y from $206 million in net inflows); and Aware, $180 million per fund (up Y/Y from $119 million). Primecap also led the outflows pack proportionately last quarter, with estimated net Q4 2021 outflows of $426 million per fund. Other big Q4 2021 outflows sufferers included: Ark, $331 million per fund; and Spyglass Capital Management, $204 million per fund. And Primecap took the outflows lead last month, thanks to an estimated $275 million per fund in net December 2021 outflows, up M/M from $78 million per fund in November 2021 but down Y/Y from $305 million per fund in December 2020. Other big December 2021 outflows sufferers included: Spyglass, $235 million per fund (down M/M from $7 million in net inflows, down Y/Y from $103 million in net inflows); and Edgewood, $157 million per fund (down M/M from $24 million in net inflows, down Y/Y from $206 million). The whole long-term, U.S. mutual fund and ETF industry brought in an estimated $29.044 million per fund in net inflows in 2021, up from $5.289 million per fund in 2020. In Q4 2021, the industry brought in $5.989 million per fund. In December 2021, the industry brought in an estimated $2.098 million per fund. That's up M/M from $1.947 million per fund in November 2021 but down Y/Y from $2.329 million per fund in December 2020. Printed from: MFWire.com/story.asp?s=63933 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
