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 |
|
Monday, December 23, 2024 With $465MM, a Gotham ETF Newcomer Wins A Gotham investment research shop's new ETF business took the small fund firm flows lead right out of the gate, according to the latest data from the folks at a publicly traded investment research firm.
Fundstrat (which sponsored its first ETF launch, with help from Tidal, on November 6 and appears to be the only November newcomer fund firm) took the lead thanks to an estimated $465 million in net November 2024 inflows. Other big November 2024 inflows winners included: Alpha Architect, $243 million (down by $24 million month-over-month, up by $162 million Y/Y); Volatility Shares, $215 million (up by $89 million M/M, up by $179 million Y/Y); VS Trust, $121 million (up by $147 million M/M, up by $172 million Y/Y); and Hood River Capital Management, $117 million (up by $30 million M/M, up by $97 million Y/Y). As of November 30, 2024, Column Funds (from Northwestern Mutual's Mason Street Advisors) led the pack for the trailing twelve months, with an estimated $4.183 billion in net inflows. Other big TTM inflows winners included: Alpha Architect, $3.903 billion; and 21Shares, $2.757 billion. On the flip side, Independent Franchise Partners took the outflows lead last month, thanks to an estimated $765 million in net November 2024 outflows, up by $740 million M/M from October 2024 and up by $764 million Y/Y from November 2023. Other big November 2024 outflows sufferers included: Wealthfront, $615 million (up by $610 million M/M, up by $613 million Y/Y) (Wealthfront revealed plans last month to liquidate its sole mutual fund on January 3); Primecap, $313 million (up by $1 million M/M, up by $6 million Y/Y); Edgewood, $291 million (down by $57 million M/M, up by $54 million Y/Y); and Champlain, $241 million (up by $40 million M/M, up by $140 million Y/Y). As of November 30, 2024, Primecap led the small firm outflows pack for the trailing twelve months, thanks to an estimated $4.569 billion in net outflows. Other big TTM outflows sufferers included: Ark, $4.302 billion; and Akre [profile], $2.694 billion. As a group, small fund firms suffered $763 million in net November 2024 outflows (up by $687 million M/M from October 2024 but down by $534 million Y/Y from November 2023). As of November 30, 2024, small firms had a combined $335 billion in AUM (up by $30 billion M/M and up by $75 billion Y/Y) across 1,496 funds (up by 3 M/M, up, down by 2 Y/Y). Small fund firms ended November 2024 accounting for 1.1 percent of industry AUM and 3.5 percent of ETFs and long-term mutual funds. These firms also accounted for nearly two-third (64.5 percent) of all fund firms. As of November 30, 2024, small fund firms had brought in $11.783 billion in net TTM inflwos. Over those 12 months, small funds accounted for 2 percent of overall industry long-term fund flows. Across the whole industry, the 798 firms (up by one M/M and up by 20 Y/Y) tracked by the M* team brought in $114.585 billion in net November 2024 inflows. (That's up by $32.523 billion M/M and up by $81.498 billion Y/Y.) The industry ended November 2024 with $31.426 trillion in AUM (up by $1.342 trillion M/M, up by $6.097 trillion Y/Y) and 43,046 long-term funds (down by 97 M/M but up by 739 Y/Y). As of November 31, 2024, the industry brought in $687.668 billion in TTM net inflows. Printed from: MFWire.com/story.asp?s=68327 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
