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, September 26, 2022 Net Active Flows Improve By $26B Net active fund flows improved by more than $25.7 billion last month, even as net passive flows worsened by about $7.9 billion.
J.P. Morgan (including Six Circles) took the lead last month on the active side, thanks to an estimated $3.751 billion in net August 2022 active inflows, up month-over-month from $3.751 billion in July 2022 outflows and up year-over-year from $3.63 billion in August 2021 inflows. Other big August 2022 active inflows winners included: DFA, $1.429 billion (up M/M from $797 million, up Y/Y from $25 million in net outflows); Baird (including Strategas), $1.25 billion (up M/M from $690 million in net outflows, down Y/Y from $1.736 billion); American Century (including Avantis), $800 million (up M/M from $323 million, up Y/Y from $35 million); and First Trust, $652 million, up M/M from $531 million, up Y/Y from $549 million. Vanguard took the lead on the passive side last month, thanks to an estimated $19.914 billion in net August 2022 passive inflows, up M/M from $14.38 billion in July 2022 but down Y/Y from $20.666 billion in August 2021. Other big August 2022 inflows winners included: BlackRock, $6.397 billion (down M/M from $18.019 billion, down Y/Y from $19.749 billion); SSGA, $3.661 billion (up M/M from $4.441 billion in net outflows, down Y/Y from $12.475 billion); Charles Schwab, $2.924 billion (down M/M from $4.642 billion, down Y/Y from $3.05 billion); and ProShares and ProFunds, $1.439 billion (down M/M from $2.861 billion, up Y/Y from $495 million). On the flip side, last month was another rough one for T. Rowe Price's active funds, which kept the active outflows lead for a second month in a row, thanks to an esteimated $4.465 billion in net August 2022 active outflows, down M/M from $6.916 billion in July 2022 but up Y/Y from $1.18 billion in August 2021. Other big August 2022 active outflows sufferers included: Franklin Templeton, $4.311 billion (up M/M from $2.609 billion, up Y/Y from $735 million; Fidelity, $3.229 billion (down M/M from $5.729 billion, up Y/Y from $785 million); BlackRock, $2.73 billion (up M/M from $1.1634 billion, down Y/Y from $2.785 billion); and Vanguard, $2.42 billion (down M/M from $4.776 billion, down Y/Y from $3.355 billion). J.P. Morgan took the outflows lead on the passive side, thanks to an estimated $3.048 billion in net August 2022 passive outflows, down M/M from $592 million in July 2022 inflows and down Y/Y from $159 millon in August 2021 inflows. Other big August 2022 passive outflows sufferers included: KraneShares, $653 million (up M/M from $369 million, down Y/Y from $1.721 billion in net inflows); VanEck, $596 million (up M/M from $518 million, up Y/Y from $264 million); DWS (including Xtrackers), $424 million (up M/M from $77 million, up Y/Y from $415 million in net inflows); and Northern Trust (including Flexshares), $366 million (up M/M from $283 million, down Y/Y from $67 million in net inflows). Overall, the 729 active fund firms tracked by the M* team up M/ M from 728 and up Y/Y from 714) suffered an estimated $30.062 billion in net August 2022 outlfows, down M/M from $58.766 billion in July 2022 and down Y/Y from $19.829 billion in August 2021. 312 firms gained net inflows in August 2022, up M/M from 288 but down Y/Y from 382. The 158 passive fund firms tracked by the M* team (up M/M from 157, up Y/Y from 152) brought in an estimated $37.845 billion in August 2022 inflows, down M/M from $45.732 billion in July 2022 and down Y/Y from $77.739 billion in August 2021. 74 firms gained net passive inflows last month, up M/M from 72 but down Y/Y from 79. Printed from: MFWire.com/story.asp?s=64920 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
