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, March 23, 2020 JPMAM and Vanguard Lead A money center bank's asset management arm took the active fund flows lead last month, while a familiar titan led on the passive side yet again.
On the active side of the business, J.P. Morgan took the lead last month, with estimated net February active inflows of $6.153 billion, up from $3.463 billion in January. Other big February active inflows winners included: Pimco, $3.806 billion (up from $2.426 billion); PGIM, $2.411 billion (up from $2.101 billion); Lord Abbett, $2.246 billion (down from $2.88 billion); and BlackRock, $1.971 billion (down from $3.259 billion). On the passive side of the business, Vanguard kept the lead last month, with estimated net February passive inflows of $20.163 billion, down from $38.698 billion in January. Other big February passive inflows winners included: BlackRock, $10.85 billion (down from $14.209 billion); Fidelity, $7.524 billion (down from $7.687 billion); Charles Schwab, $2.303 billion (down from $2.684 billion); and Rafferty's Direxion, $753 million (up from $383 million). On the flip side, February was a rough month for Capital Group's American Funds, whose active funds suffered an estimated $2.484 billion in net outflows, more than any other active fund firm and up from $1.508 billion in January. Other big February active outflows sufferers included: T. Rowe Price, $1.98 billion (up from $1.56 billion); Invesco, $1.942 billion (down from $2.234 billion); Franklin Templeton, $1.879 billion (up from $1.799 billion); and Harris' Oakmark, $1.025 billion (down from $1.612 billion). SSGA suffered an estimated $26.721 billion in net passive outflows in February, more than any other passive fund firm and up from $68 million in January. Other big February passive outflows sufferers included: DWS, $851 million (up from $407 million); Milleis, $699 million (down from $200 million in net inflows); J.P. Morgan, $508 million (down from $46 million in net inflows); and Credit Suisse, $349 million (down from $201 million in net inflows). Industrywide, 717 active fund families (three more than in January) brought in an estimated $11.675 billion in combined net active inflows in February, accounting for 46 percent of net industry inflows and down from $17.315 billion in January. 324 of those families gained net active inflows in February. 146 passive fund families brought in an estimated $13.784 billion in net February passive inflows, accounting for 54 percent of net industry inflows and down from $65.959 billion in January. 71 of those fund families gained net passive inflows in February. Printed from: MFWire.com/story.asp?s=61047 Copyright 2020, InvestmentWires, Inc. All Rights Reserved |
