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 |
|
Tuesday, February 15, 2022 Schwab Four-Peats As Large Firms' Marketshare Rises A brokerage giant's asset management arm leads again as large fund firms' marketshare rises, despite a 76-percent inflows drop.
Large fund firms had a combined $5.137 trillion in long-term fund AUM as of January 31, 2022, and they accounted for 19.23 percent of overall industry long-term fund AUM. That compares with $5.345 trillion and 19.03 percent on December 31, 2021. 12 large fund firms brought in net long-term fund inflows last month, down from 14 in December. Charles Schwab kept the lead for the fourth month in a row, thanks to an estimated $4.581 billion in net January 2022 inflows, up month-over-month from $3.757 billion in December 2021 and up year-over-year from $3.758 billion in January 2021. Other big January 2022 inflows winners included: DFA, $1.937 billion (up M/M from $1.206 billion in net outflows, up Y/Y from $2.312 billion in net outflows); Goldman Sachs, $1.477 billion (up M/M from $1.147 billion, down Y/Y from $1.687 billion); Baird (including Strategas), $1.124 billion (up M/M from $811 million, down Y/Y from $1.726 billion); and PGIM, $807 million (up from $1.182 billion in net outflows, down Y/y from $2.284 billion). On the flip side, Ameriprise's Columbia Threadneedle led the large fund firm outflows pack last month, thanks to an estimated $2.076 billion in net January 2022 outflows, down M/M from $785 million in December 2021 inflows and down Y/Y from $1.018 billion in January 2021 inflows. Other big January 2022 outflows sufferers included: Macquarie's Delaware, $1.214 billion (down M/M from $1.438 billion, up Y/Y from $193 million); Jackson, $1.162 billion (up M/M from $662 million, down Y/Y from $1.183 billion); Janus Henderson, $1.073 billion (down M/M from $147 million in net inflows, up Y/Y from $564 million); and Morgan Stanley (including Eaton Vance and Calvert), $1.049 billion (down M/M from $2.059 billion, down Y/Y from $614 million in net inflows). As a group, the 25 large fund firms brought in an estimated $1.819 billion in net January 2022 inflows, equivalent to 0.04 percent of their combined AUM and accounting for 20.35 percent of overall industry inflows. That compares with $7.473 billion, 0.14 percent of AUM, and 8.53 percent of flows in December 2021. Across the entire industry, the 797 firms tracked by the M* team (down M/M from 799 but up Y/Y from 753) brought in an estimated $8.936 billion in net January 2022 inflows, equivalent to 0.03 percent of overall long-term fund AUM of $26.709 trillion on January 31, 2022. That's down M/M from $87.633 billions in December 2021 inflows, equivalent to 0.31 percent of $28.084 trillion in AUM and down Y/Y from $95.454 billion in January 2021 inflows, equivalent to 0.4 percent of $23.732 trillion in AUM. Passive funds brought in $22.087 billion in net long-term fund inflows in January 2022, down M/M from $95.932 billion and down Y/Y from $54.591 billion. Active funds suffered $13.138 billion in net long-term fund outflows in January 2022, up M/M from $8.299 billion but down Y/Y from $40.836 billion in net inflows. Editor's Note: A prior version of this story's headline and opening gave the wrong market segment. To clarify, this article focuses on large fund firms with between $100 billion and $500 billion each in long-term fund AUM. Printed from: MFWire.com/story.asp?s=64015 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
