MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 22, 2022 The Average Fund Suffers $1.2MM In Outflows Industry outflows per fund jumped 141 percent last month. This article draws from Morningstar Direct data on November 2022 open-end mutual fund and ETF flows, excluding money market funds and funds of funds. (Other asset management products, like CITs and SMAs, are also not included.) THOR took the proportional lead last month, thanks to an estimated $60 million per fund in net November 2022 inflows, up month-over-month from $15 million per fund in October 2022. Other big November 2022 inflows winners included: PFM, $58 million per fund (up M/M from less than $1 million per fund, up year-over-year from $17 million per fund in November 2021); GQG, $45 million per fund (up M/M from $8 million per fund, up Y/Y from $19 million per fund); Unlimited, $44 million per fund (up M/M from $4 million per fund); and VolatilityShares, $34 million per fund (up M/M from $2 million per fund in net outflows). So far in 2022, Edward Jones' Bridge Builder continues to lead the inflows pack, thanks to an estimated $832 million per fund in net year-to-date inflows as of November 30. Other big YTD inflows winners included: Schwab, $305 million per fund; and GQG, $304 million per fund. On the flip side, Edgewood led the outflows pack proportionately last month for a sixth month in a row, thanks to an estimated $422 million per fund in net November 2022 outflows, up M/M from $213 million per fund in October 2022 but down Y/Y from $24 million per fund in November 2021 inflows. Other big November 2022 outflows sufferers included: Primecap, $218 million per fund (up M/M from $125 million per fun, up Y/Y from $78 million per fund); Evoke, $185 million per fund (up M/M from $7 million per fund); CGM, $145 million per fund (up M/M from $20 million per fund, up Y/Y from $2 million per fund); and Dodge & Cox, $114 million per fund (up M/M from $57 million per fund, up Y/Y from $34 million per fund). Edgewood also still leads the 2022 outflows pack proportionately, thanks to an estimated $1.716 billion in net YTD outflows as of November 30. Other big outflows sufferers included: Primecap, $1.248 billion per fund; and River Canyon, $577 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 $1.248 million per fund in net November 2022 outflows. That's up M/M from $518,000 per fund in October 2022 but down Y/Y from $27.017 million per fund in net inflows in November 2021. Over the first 11 months of 2022, the industry suffered an estimated $6.685 million per fund in net Printed from: MFWire.com/story.asp?s=65305 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |