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 16, 2024 Baird Repeats, Upping Inflows By $811MM A Midwestern fund firm kept the lead last month among midsize fund firms, according to the latest data from the folks at a publicly traded investment research giant.
Baird (including Strategas) led the pack for a second month in a row, thanks to an estimated $2.313 billion in net April 2024 inflows, up by $811 million M/M from March 2024 and up by $1.232 billion year-over-year from April 2023. Other big April 2024 inflows winners included: Pacer, $1.8 billion (up by $389 million M/M, up by $1.337 billion Y/Y); Causeway, $1.188 billion (up by $919 million M/M, up by $1.315 billion Y/Y); Envestnet (including Active Passive Funds and PMC), $872 million (up by $867 million M/M); and GQG, $588 million (down by $290 million M/M, up by $400 million Y/Y). Baird also led the way for the trailing twelve months ending April 30, 2024, thanks to an estimated $15.67 billion in net inflows. Other big TTM inflows winners included: Pacer, $15.089 billion; and Edward Jones' Bridge Builder, $8.402 billion. On the flip side, Grayscale led the outflows pack for a fourth month consecutive month, thanks to an estimated $2.452 billion in April 2024 outflows, down by $3.905 billion M/M from March 2024 and a $2.452 billion net drop Y/Y from April 2023. Other big April 2024 outflows sufferers included: Bridge Builder, $1.984 billion (a $2.546-billion net flows drop M/M, a $2.681-billion net flows drop Y/Y); DoubleLine, $776 million (up M/M by $672 million M/M, up by $430 million Y/Y); Baron, $700 million (up by $171 million M/M, up by $639 million Y/Y); and Parnassus, $469 million (up by $178 million M/M, up by $419 million Y/Y). Grayscale also leads the outflows pack over the last year, thanks to an estimated $17.205 billion in net TTM outflows as of April 30, 2024. Other big TTM outflows sufferers included: Parnassus, $5.766 billion; and DoubleLine, $5.548 billion. As a group, midsize firms suffered $816 million in April 2024 outflows, and they ended the month with $1.669 trillion in combined AUM, across 6,033 funds. That compares with $957 million in net March 2024 outflows and $1.688 trillion in AUM and 5,689 funds on March 31, 2024. As of April 30, 2024, midsize firms accounted for 6.1 percent of industry long-term fund AUM and 14.1 percent of long-term funds. That's up M/M from 5.9 percent of AUM and 13.7 percent of funds. Midsize firms suffered $2.48 billion in TTM outflows as of April 30, 2024. Across the whole industry, the 789 firms (unchanged M/M but up Y/Y from 776) tracked by the M* team suffered an estimated $9.009 billion in net April 2024 outflows, down by $98.558 net M/M and down by $15.664 billion Y/Y. It was the industry's first monthly net outflows since October 2023. The industry ended April 2024 with $27.506 trillion in AUM across 42,733 funds. (That compares with $28.428 trillion in AUM and 42,586 funds on March 31, 2024, and with $24.131 trillion in AUM and 42,060 funds on April 30, 2023). For the TTM ending April 30, 2024, the industry brought in $229.942 billion in net inflows. Printed from: MFWire.com/story.asp?s=67432 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
