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 |
|
Wednesday, September 25, 2024 Causeway Cruises to the Front With $1.2B A Southwestern fund firm took the inflows lead last month among midsized fund firms, according to the latest data from the folks at a publicly traded investment research firm.
Causeway pulled ahead of the pack last month, thanks to an estimated $1.185 billion in net August 2024 inflows, up by $644 million month-over-month from July 2024 and up by $1.152 billion year-over-year from August 2023. Other big August 2024 inflows winners included: Edward Jones' Bridge Builder, $1.002 billion (down by $41 million M/M, up by $405 million Y/Y); Dodge & Cox, $982 million (down by $20 million M/M, up by $440 million Y/Y); Baird (including Strategas), $903 million (down by $491 million M/M, up by $334 million Y/Y); and GQG, $576 million (down by $238 million M/M, up by $139 million Y/Y). As of August 31, 2024, Baird led the pack with $15.029 billion in net trailing twelve months inflows. Other big TTM inflows winners included: Pacer, $14.767 billion; and Dodge & Cox, $9.696 billion. On the flip side, Grayscale led the outflows pack for a third consecutive month, thanks to an estimated $1.121 billion in net August 2024 outflows, down by $1.037 billion M/M from July 2024 but up by $1.121 billion Y/Y from August 2023. Other big August 2024 outflows sufferers included: Harding Loevner, $935 million (up by $177 million M/M, up by $760 million Y/Y); Baron, $626 million (down by $20 million M/M, up by $554 million Y/Y); Glenmede, $556 million (up by $518 million M/M, up by $491 million Y/Y); and Parnassus, $407 million (down by $28 million M/M, up by $216 million Y/Y). As of August 31, 2024, Grayscale also led the pack with $21.685 billion in net TTM outflows. Other big outflows sufferers in that time period included: DoubleLine, $6.708 billion; and Parnassus, $6.612 billion. As a group, midsize firms brought in $2.355 billion in August 2024 inflows, a $3.139-billion net flows improvement over July. Midsize firms ended August with $1.703 trillon in combined AUM across 5,912 funds, compared with $1.829 trillion and 6,070 funds at the end of July. Midsize firms accounted for 5.7 percent of industry long-term fund AUM and 13.8 percent of long-term funds as of August 31. Those firms also accounted for 9 percent of industry inflows. As of August 31, midsize firms brought in $5.336 billion in net TTM inflows. Across the whole industry, the 791 firms (down by four M/M but up by 11 Y/Y) tracked by the M* team brought in about $26.099 billion in net August 2024 inflows, and the industry ended the month with $29.993 trillion in AUM acoss 42,891 funds. That compares with $82.936 billion in net inflows, $29.447 trillion in AUM, and 43,102 funds in July 2024, and with $24.468 billion in net outflows, $25.211 trillion in AUM, and 42,226 funds in August 2023. As of August 31, 2024, the industry brought in $398.051 billion in net TTM inflows into long-term funds. Printed from: MFWire.com/story.asp?s=67955 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
