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 |
|
Tuesday, November 26, 2024 Small Firms' Net Flows Fall $1.5B From September, But ... Small fund firms' net flows fell into the red last month, though they were still a significant improvement over the same month last year, according to the latest data from the folks at a publicly traded investment research firm.
Alpha Architect took the lead last month, thanks to an estimated $267 million in net October 2024 inflows, a $278-million M/M improvement from September 2024 and up by $145 million Y/Y from October 2023. Other big October 2024 inflows winners included: Performance Trust Asset Management (PTAM), $242 million (down by $120 million M/M, but a $270-million Y/Y improvement); Neos, $241 million (up by $19 million M/M, up by $197 million Y/Y); Aptus, $240 million (down by $83 million M/M, but a $321-million Y/Y improvement); and Bitwise, $132 million (down by $27 million M/M but a $133-million Y/Y improvement). Quantify Funds and TradersAI appear to be October's newcomers to the industry. As of October 31, 2024, Column Funds (from Northwestern Mutual's Mason Street Advisors) led the pack for the trailing twelve months, with an estimated $4.139 billion in net inflows. Other big TTM inflows winners included: Alpha Architect, $3.729 billion; and 21Shares, $2.748 billion. On the flip side, Edgewood took the outflows lead last month, thanks to an estimated $348 million in net October 2024 outflows, a $602-million net flows drop M/M from September 2024 and a $512-million net flows drop Y/Y from October 2023. Other big October 2024 outflows sufferers included: Primecap, $312 million (up by $10 million M/M, up by $132 million Y/Y); FMI, $303 million (up by $249 million M/M, but a $304-million net flows drop Y/Y); Ark, $247 million (roughly unchanged M/M but up up by $140 million Y/Y); and Champlain, $201 million (up by $129 million M/M, up by $159 million Y/Y). As of October 31, 2024, Primecap led the outflows pack for the trailing twelve months, thanks to an estimated $4.563 billion in net outflows. Other big TTM outflows sufferers included: Ark, $4.109 billion; and Akre, $2.827 billion. As a group, small fund firms suffered $76 million in net October 2024 outflows, a $1.463-billion net flows drop M/M and a $1.01-billion net outflows drop Y/Y. As of October 31, small firms had a combined $315 billion in AUM (down by $4 billion M/M, up by $73 million Y/Y) across 1,493 long-term mutual funds and ETFs (up by four M/M, down by 14 Y/Y). Small fund firms ended October 2024 accounting for 1 percent of industry AUM in ETFs and long-term mutual funds, and 3.5 percent of the industry's fund count. As of October 31, 2024, small fund firms had brought in $12.152 billion in net TTM inflows. Over those 12 months, small fund firms accounted for 2 percent of industry inflows. Across the whole industry, the 797 firms (up by four M/M and up by 18 Y/Y) tracked by the M* team brought in $82.062 billion in net October 2024 inflows. (That's up by $27.099 billion M/M and a $131.3065-billion Y/Y improvement.) The industry ended October 2024 with $30.084 trillion in AUM (down by $475 billion M/M but up by $6.513 trillion Y/Y) and 43,143 long-term funds (up by 10 M/M and up by 730 Y/Y). As of October 31, 2024, the industry brought in $598.61 billion in TTM net inflows. Printed from: MFWire.com/story.asp?s=68220 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
