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 |
|
Thursday, May 26, 2022 Bridge Builder Repeats Its Win A B-D's multimanager, subadvised mutual fund arm kept the lead last month proportionately, even as industry inflows turned negative.
Edward Jones' Bridge Builder kept the lead last month, thanks to an estimated $234 million per fund in net April 2022 inflows, down month-over-month from $453 million in March 2022 but up year-over-year from $125 million in April 2021. Other big April 2022 inflows winners included: Horizon Kinetics, $134 million per fund (down M/M from $342 million, down Y/Y from $208 million); Goldman Sachs, $101 million per fund (up M/M from $1 million in net outflows, up Y/Y from $2 million); FolioBeyond, $44 million per fund (up M/M from $7 million); and Perpetual, $44 million per fund. After the first four months of 2022, Bridge Builder the inflows pack with an estimated $894 million per fund in net year-to-date inflows. Other YTD inflows winners included: Horizon Kinetics, $517 million per fund; and Charles Schwab, $130 million per fund. On the flip side, Edgewood took the outflows lead last month, thanks to an estimated $196 million per fund in net April 2022 outflows, up M/M from $95 million in March 2021 and up Y/Y from $22 million per fund in April 2022. Other big April 2022 outflows sufferers included: Dodge & Cox, $165 million per fund (up M/M from $22 million, down Y/Y from $110 million in net inflows); Primecap, $125 million per fund (up M/M from $111 million, up Y/Y from $33 million); River Canyon, $117 million per fund (up M/M from $375 million, down Y/y from $58 million in net inflows); and Phaeacian, $65 million per fund (up M/M from $6 million, down Y/Y from $1 million in net inflows). As of April 30, Primecap led the outflows pack thanks to an estimated $472 million per fund in net YTD outflows. Other big outflows sufferers included: River Canyon, $265 million per fund; and Independent Franchise Partners, $223 million per fund. The whole long-term U.S. mutual fund and ETF industry (excluding money-market funds and funds of funds) suffered an estimated $2.12 million per fund in net April 2022 outflows, down M/M from $732,000 per fund in March 2022 and down Y/Y from $3.04 million per fund in April 2021 inflows. In the first four months of 2021, funds suffered an estimated $64,000 per fund in net outflows. Printed from: MFWire.com/story.asp?s=64441 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
