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, June 23, 2022 Passive Funds Bounce Back By $74B After a painful April, passive funds saw their flows bounce back by nearly $74 billion last month. Yet active funds' outflows worsened.
First Trust took the lead last month on the active side, thanks to an estimated $1.39 billion in net May 2022 active inflows, up month-over-month from $371 million in April 2022 and up year-over-year from $1.278 billion in May 2021. Other big May 2022 active inflows winners included: DFA, $1.105 billion (up M/M from $212 million in net outflows, up Y/Y from $625 million in net outflows); GQG, $939 million (up M/M from $366 million, up Y/Y from $266 million); American Century (including Avantis), $621 million (up M/M from $67 million, down Y/Y from $983 million); and Innovator, $572 million (up M/M from $327 million, up Y/Y from $128 million). BlackRock (including iShares) took the lead on the passive side last month, thanks to an estimated $34.14 billion in net May 2022 passive inflows, up M/M from $9.849 billion in net April 2022 outflows and up Y/Y from $13.932 billion in May 2021. Other big May 2022 passive inflows winners included: Vanguard, $16.439 billion (up M/M from $5.134 billion, down Y/Y from $30.974 billion); SSGA, $8.095 billion (up M/M from $11.294 billion in net outflows, up Y/Y from $42 million in net outflows); Fidelity, $7.104 billion (up M/M from $6.271 billion, down Y/Y from $9.571 billion); and Charles Schwab, $2.388 billion (down M/M from $2.704 billion, down Y/Y from $4.388 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 $12.228 billion in net May 2022 outflows, down M/M from $12.716 billion in April 2022 and down Y/Y from $2.202 billion in net May 2021 inflows. Other big May 2022 active outflows sufferers included: Fidelity, $8.388 billion (up M/M from $7.296 billion, up Y/Y from $2.43 billion); Capital Group's American Funds, $7.158 billion (up M/M from $3.572 billion, down Y/Y from $2.128 billion in net inflows); Franklin Templeton (including Royce), $6.516 billion (up M/M from $4.397 billion, up Y/Y from $441 million); and Pimco, $5.757 billion (up M/M from $5.182 billion, down Y/Y from $2.19 billion in net inflows). T. Rowe Price took the outflows lead on the passive side last month, thanks to an estimated $1.559 billino in net May 2022 passive outflows, down M/M from $427 million in net April 2022 inflows and up Y/Y from $270 million in May 2021. Other big May 2022 passive outflows sufferers included: VanEck, $1.225 billion (down M/M from $1.772 billion in net inflows, down Y/Y from $1.048 billion in net inflows); J.P. Morgan (including Six Circles), $446 million (down M/M from $696 million, down Y/Y from $2.372 billion in net inflows); Goldman Sachs, $439 million (down M/M from $173 million in net inflows, up Y/Y from $280 million); and DWS (including Xtrackers), $429 million (down M/M from $634 million, down Y/Y from $283 million in net inflows). Overall, the 724 active fund firms tracked by the M* team (down M/M from 734, up Y/Y from 696) suffered an estimated $109.837 billion in net active outflows in May 2022, up M/M from $86.386 billion in April 2022 but down Y/Y from $11.451 billion in net May 2021 inflows. 266 firms gained net active inflows in May 2022, down M/M from 292 and down Y/Y from 391. The 161 passive fund firms tracked by the M* team (up M/M from 159, up Y/Y from 147) brought in an estimated $70.729 billion in net May 2022 inflows, up M/M from $2.838 billion in net April 2022 outflows and down Y/Y from $71.314 billion in May 2021. 72 firms gained net inflows last month, down M/M from 79 and down Y/Y from 78. Editor's Note: A prior version of this story gave the wrong May 2022 active fund inflows for First Trust. To confirm, First Trust brought in $1.39 billion in active inflows in May. Printed from: MFWire.com/story.asp?s=64552 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
