MutualFundWire.com: Fidelity Dominated In February With $24B
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Monday, March 31, 2025

Fidelity Dominated In February With $24B


The Boston Behemoth led the money fund pack last month, thanks to nearly quadrupling its monthly inflows, according to the latest data from the folks at a publicly traded investment research firm.

This article draws from Morningstar Direct data on money market mutual fund flows in the U.S. in February 2025, across 75 money fund firms. (That's unchanged month-over-month from January 2025 but up by three firms year-over-year from February 2024.)

Fidelity took the lead last month, thanks to an estimated $23.938 billion in net February 2025 money fund inflows, up by $17.885 billion M/M from January 2025 and up by $17.214 billion Y/Y from February 2024. Other big February 2025 money fund inflows winners included:
  • BlackRock, $12.803 billion (up by $31.416 billion M/M, up by $12.767 billion Y/Y);
  • Schwab, $12.783 billion (up by $871 million M/M, up by $2.378 billion Y/Y);
  • Vanguard, $10.556 billion (up by $601 million M/M, up by $5.676 billion Y/Y); and
  • Invesco, $6.275 billion (up by $1.478 billion M/M, up by $8.05 billion Y/Y).

    • Over the trailing twelve months ending February 28, 2025, Fidelity led the pack thanks to an estimated $153.206 billion in net money fund inflows. Other big TTM inflows winners included: Schwab, $97.241 billion; and J.P. Morgan, $95.879 billion.

    On the flip side, BNY Mellon (home of Dreyfus) took the outflows lead last month, thanks to an estimated $5.912 billion in net February 2025 money fund outflows, a $14.688-billion net flows drop M/M from January 2025 and an $11.914-billion net flows drop Y/Y from February 2024. Other big February 2025 money fund outflows sufferers included:
  • Northern, $4.51 billion (a $9.114-billion net flows drop M/M, down by $2.25 billion Y/Y);
  • HSBC, $1.341 billion (a $9.653-billion net flows drop M/M, down by $1.312 billion Y/Y);
  • DWS, $400 million (a $1.828-billion net flows drop M/M, a $5.924-billion net flows drop Y/Y); and
  • Canaval Hill, $342 million.


    • DWS led the money outflows pack TTM as of February 28, 2025, thanks to an estimated $7.278 billion in net outflows. Other big outflows sufferers included: State Street's SSGA, $5.229 billion; and SEI, $3.108 billion.

    As a group, money funds brought in $79.434 billion in net February 2025 inflows (up by $46.864 billion M/M, up by $34.402 billion Y/Y). On February 28, 2025, the money fund industry held $6.973 trillion in AUM (up by $87 billion M/M, up by $840 billion Y/Y) across 2,148 funds (up by 1 M/M, up by 40 Y/Y).

    As of February 28, 2025, money funds brought in $681.987 billion in net TTM inflows.


    Printed from: MFWire.com/story.asp?s=69716

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