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 |
|
Monday, April 18, 2022 Bridge Builder's Inflows Quadruple, Breaking a 5-Month Schwab Streak A B-D's mutual fund arm regained the lead, breaking a rival's five-month streak.
Large fund firms had a combined $5.025 trillion in long-term fund AUM as of March 31, 2022, and they accounted for 18.99 percent of overall industry long-term fund AUM. That's down from $5.174 trillion and 19.73 percent on February 28. Six large fund firms brought in net long-term fund inflows last month, down from eight in February. Charles Schwab led the pack last quarter, thanks to an estimated $11.911 billion in net Q1 2022 inflows. Other big Q1 2022 inflows winners included: Edward Jones' Bridge Builder, $5.283 billion; First Trust, $4.516 billion; DFA, $1.774 billion; and Victory, $715 million. Bridge Builder took the lead last month, thanks to an estimated $3.624 billion in net March 2022 inflows, up month-over-month from $922 million in February 2022 but down year-over-year from $4.769 billion in March 2021. Other big March 2022 inflows winners included: Schwab, $2.857 billion (down M/M from $4.508 billion, down Y/Y from $4.519 billion); and First Trust, $2.136 billion (up M/M from $1.678 billion, down Y/Y from $2.248 billion). On the flip side, Allianz's Pimco led the outflows pack among large fund firms in the first quarter, thanks to an estimated $11.234 billion in net Q1 2022 outflows. Other big Q1 2022 outflows sufferers included: Morgan Stanley (including Eaton Vance and Calvert), $5.491 billion; Lord Abbett, $4.72 billion; TCW (including MetWest), $3.713 billion; and Ameriprise's Columbia Threadneedle, $3.696 billion. Pimco also kept the outflows lead last month, thanks to an estimated $8.231 billion in net March 2022 outflows, up M/M from $2.032 billion in February 2022 and up Y/Y from $26 million in March 2021. Other big March 2022 outflows sufferers included: Morgan Stanley, $3.113 billion (up M/M from $1.33 billion, down Y/Y from $1.06 billion in net inflows); and Lord Abbett, $2.427 billion (up M/M from $1.724 billion, down Y/Y from $947 million in net inflows). As a group, large fund firms suffered an estimated $23.989 billion in net long-term fund inflows in Q1 2022. That's equivalent to 0.48 percent of their combined AUM. Large fund firms suffered $17.629 billion in net March 2022 outflows, equivalent to 0.35 percent of their combined AUM. That's up from $6.634 billion and 0.13 percent in February 2022. Across the entire industry, the 791 firms tracked by the M* team (down M/M from 795 but up Y/Y from 758) brought in an estimated $114.402 billion in net Q1 2022 inflows. That's equivalent to 0.43 percent of their $26.461 trillion in combined AUM (up M/M from $26.219 trillion, up Y/Y from $24.865 trillion). Long-term funds brought in an estimated $30.653 billion in net inflows in March 2022, equivalent to 0.12 percent of their combined AUM. That's down M/M from $47.85 billion and 0.18 percent of AUM, and down Y/Y from $156.503 billion and 0.63 percent of AUM. Passive funds brought in an estimated $101.064 billion in net long-term fund inflows in March 2022, up M/M from $80.09 billion but down Y/Y from $114.117 billion. Active funds suffered $70.411 billion in net outflows in March 2022, up M/M from $32.24 billion but down Y/Y from $42.386 billion in net inflows. Printed from: MFWire.com/story.asp?s=64272 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
