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 25, 2022 A $113B Active Flows Collapse Active funds' inflows fell by $112.797 billion year-over-year. Passive funds' inflows also slipped, but by $13.053 billion.
Edward Jones' Bridge Builder took the lead last month on the active side, thanks to an estimated $3.624 billion in net March 2022 active inflows, up month-over-month from $922 million in February 2022 but down Y/Y from $4.769 billion in March 2021. Other big March 2022 active inflows winners included: First Trust, $1.165 billion (down M/M from $1.466 billion, up Y/Y from $1.11 billion); Principal, $697 million (up M/M from $567 million, up Y/Y from $148 million in net outflows); SSGA, $420 million (up M/M from $251 million in net outflows, up Y/Y from $239 million); and LSV, $402 million (up M/M from $23 million, up Y/Y from $109 million in net outflows). BlackRock (including iShares) regained the lead on the passive side last month, thanks to an estimated $25.588 billion in net March 2022 passive inflows, up M/M from $12.694 billion in February 2022 and up Y/Y from $23.094 billion in March 2021. Other big March 2022 passive inflows winners included: Vanguard, $22.656 billion (down M/M from $33.803 billion, down Y/Y from $40.406 billion); SSGA, $16.283 billion (up M/M from $8.003 billion, down Y/Y from $17.653 billion); Invesco, $13.234 billion (up M/M from $1.17 billion, up Y/Y from $7.414 billion); and Fidelity, $8.862 billion (down M/M from $10.03 billion, down Y/Y from $15.337 billion). On the flip side, last month was another rough one for Vanguard's active funds, which kept the active outflows lead thanks to an estimated $9.366 billion in net March 2022 outflows, up M/M from $5.661 billion in February 2022 but down Y/Y from $1.745 billion in March 2021 inflows. Other big March 2022 active outflows sufferers included: Pimco, $8.118 billion (up M/M from $2.049 billion, down Y/Y from $30 million in net inflows); Fidelity, $3.781 billion (up M/M from $3.267 billion, down Y/Y from $5.16 billion in net inflows); J.P. Morgan (including Six Circles), $3625 billion (down M/M from $1.914 billion in net inflows, down Y/Y from $5.905 billion in net inflows); and Franklin Templeton, $3.53 billion (up M/M from $2.644 billion, up Y/Y from $1.079 billion). T. Rowe Price took the outflows lead on the passive side last month, thanks to an estimated $776 million in net March 2022 passive outflows, up M/M from $257 million in February 2022 but down Y/Y from $1.449 billion in March 2021. Other big March 2022 passive outflows sufferers included: DWS (including Xtrackers), $699 million (up M/M from $232 million, down Y/Y from $768 million); Transamerica (including Deltashares), $545 million (up M/M from $102 million, up Y/Y from $11 million); U.S. Global Investors, $367 million (down M/M from $234 million in net inflows, down Y/Y from $136 million in net inflows); and Jackson, $360 million (down M/M from $419 million, up Y/Y from $33 million). Overall, the 732 active fund firms tracked by the M* team (down M/M from $735, up Y/Y from 694) suffered an esetimated $70.411 billion in net active outflows in March 2022, up M/M from $32.24 billion but down Y/Y from $42.386 billion in inetflows. 311 firms gained net active inflows in March 2022, down M/M from 380 and down Y/Y from 387. The 160 passive fund firms tracked by the M* team (down M/M from 163, up Y/Y from 144) brought in an estimated $101.064 billion in net March 2022 inflows, up M/M from $80.09 billion but down Y/Y from $114.117 billion. 83 firms gained net passive inflows in March 2022, down M/M from 86 but up Y/y from 82. Printed from: MFWire.com/story.asp?s=64303 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
