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 |
|
Monday, November 26, 2018 October Outflows Surpassed September Inflows Net mutual fund outflows last month surpassed net inflows the month before that, proportionately.
Kaiser Permanente's KP Funds (powered by Callan) took the lead last month proportionately, bringing in an estimated $155 million per fund in October, up from $8 million per fund in September. Other big October winners included: Edward Jones' Bridge Builder, $113 million per fund (up from $47 million per fund); ETF Managers Trust, $105 million per fund; Thompson IM, $37 million per fund (down from $48 million per fund); and WCM, $26 million per fund (down from $37 million per fund). On the flip side, October was a rough month for Robo Global, which suffered an estimated $253 million per fund in net outflows, more than any other fund firm and up from $29 million per fund in September. Other big October sufferers included: Dodge & Cox, $242 million per fund; Ruane Cunniff & Goldfarb's Sequoia, $63 million per fund (up from $22 million per fund); Real Estate Management Services Group, $58 million per fund (up from $24 million per fund); and Harris' Oakmark, $50 million per fund (up from $28 million per fund). Industrywide, the average ETF or long-term, open-end mutual fund (not counting funds of funds) suffered an estimated $712,000 in net outflows in October, down from $644,000 per fund in net inflows in September. Across the whole industry, funds suffered a combined $29.184 billion in estimated net outflows in October, equivalent to about 0.16 percent of their combined AUM. That's down from $28.269 billion in net inflows in September. Printed from: MFWire.com/story.asp?s=58961 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |
