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 |
|
Friday, December 27, 2024 Money Fund Flows Rebound By $53B, But ... Money market funds' inflows bounced back, increasing by 56 percent last month, despite a 19-percent dip year-over-year, according to the latest data from the folks at a publicly traded investment research firm.
BlackRock took the lead last month, thanks to an estimated $31.873 billion in net November 2024 money fund inflows, up by $31.38 billion month-over-month from October 2024 and up by $12.791 billion Y/Y from November 2023. Other big November 2024 money fund inflows winners included: J.P. Morgan, $28.414 billion (up by $15.817 billion M/M, down by $17.019 billion Y/Y); Morgan Stanley, $26.039 billion (up by $16.945 billion M/M, up by $32.011 billion Y/Y); Fidelity, $13.462 billion (up by $14.3 billion M/M, down by $12.061 billion Y/Y); and Allspring, $13.341 billion (up by $9.888 billion M/M, down by $1.939 billion Y/Y). As of November 30, 2024, Fidelity led the money fund inflows pack for the trailing twelve months, thanks to an estimated $143.931 billion in net inflows. Other big TTM money fund inflows winners included: BlackRock, $99.88 billion; and Schwab, $93.672 billion. On the flip side, State Street's SSGA took the outflows lead last month, thanks to an estimated $5.817 billion in net November 2024 money fund outflows, a $6.971-billion net flows drop M/M from October 2024 and a $22.026-billion net flows drop Y/Y from November 2023. Other big November 2024 money fund outflows sufferers included: HSBC, $1.31 billion (a $3.973-billion net flows drop M/M, a $7.921-billion net flows drop Y/Y); Prudential's PGIM, $290 million (up by $290 million M/M, a $329-million net flows drop Y/Y); New York Life, $231 million (a $503-million net flows drop M/M, a $622-million net flows drop Y/Y); and Jackson, $120 million (up by $44 million M/M, up by $19 million Y/Y). As of November 30, 2024, Invesco led the money fund TTM outflows pack, thanks to an estimated $15.949 billion in net outflows. Other big outflows sufferers included: HSBC, $11.974 billion; and SEI, $2.128 billion. As a group, money funds brought in $149.294 billion in net November 2024 inflows (up by $53.37 billion M/M from October 2024 but down by $36.872 billion Y/Y from November 2023). As of November 30, 2024, the money fund industry held $6.698 trillion in AUM (up by $167 billion M/M, up by $818 billion Y/Y) across 2,139 money funds (up by 2 M/M, up by 36 Y/Y). For the trailing twelve months ending November 30, 2024, money funds brought in $596.393 billion in net inflows. Printed from: MFWire.com/story.asp?s=68342 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
