MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Friday, September 23, 2022 A Midwestern Startup Wins Its First Month A Midwestern ETF startup led the industry inflows pack pound-for-pound in its first fund's first month.
Newcomer Strive Asset Management took the lead last month proportionately, thanks to an estimated $313 million per fund in net August 2022 inflows. Other big August 2022 inflows winners included: Vanguard, $41 million per fund (up month-over-month from $22 million per fund in July 2022, down year-over-year from $57 million per fund in August 2021); PFM, $31 million per fund (up M/M from $5 million per fund, up Y/Y from $7 million per fund in net outflows); Kensington Asset Management, $40 million per fund (up M/M from $22 million per fund); and Core Alternative Capital, $38 million per fund (down M/M from $93 million per fund, up Y/YK from $21 million per fund). So far in 2022, Advanced Series Trust leads the inflows pack, thanks to an estimated $2.92 billion per fund in net year-to-date inflows as of August 31. Other big YTD inflows winners included: Edward Jones' Bridge Builder, $722 million per fund; and Strive, $313 million per fund. On the flip side, Edgewood led the outflows pack proportionately last month for a third month in a row, thanks to an estimated $220 million per fund in net August 2022 outflows, down M/M from $247 million per fund in July 2022 and down Y/Y from $88 million per fund in August 2021 inflows. Other big August 2022 outflows sufferers included: AAAMCO, $109 million per fund (up M/M from $337,000, down Y/Y from $7 million per fund in net inflows); Ark, $105 million per fund (down M/M from $47 million in net inflows per fund, down Y/Y from $151 million per fund in net outflows); Primecap, $40 million per fund (down M/M from $49 million per fund, down Y/Y from $45 million per fund); and Sequoia, $31 million per fund (down M/M from $40 million per fund, down Y/Y from $38 million). Primecap still leads the 2022 outflows pack proportionately so far, thanks to an estimated $836 million per fund in net YTD outflows as of August 31. Other big YTD outflows sufferers included: Edgewood, $779 million per fund; and River Canyon, $413 million per fund. The whole long-term U.S. mutual fund and ETF industry (excluding money-market funds and funds of funds) brought in an estimated $114,000 per fund in net August 2022 inflows. That's up M/M from $309,000 per fund in July 2022 outflows, and it's down Y/Y from $2.33 million per fund in August 2021 inflows. As of August 31, the industry has suffered an estimated $2.872 million per fund in net 2022 outflows. Printed from: MFWire.com/story.asp?s=64914 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
