The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Bridge Builder Takes the Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 6, 2018

Bridge Builder Takes the Lead

Reported by Neil Anderson, Managing Editor

A broker-dealer's in-house, subadvised mutual fund shop took the lead in the midsize fund firm pack in May.

The fund flows information within this article draws from Morningstar Direct data. This article digs into mutual fund and ETF flows for May 2018, specifically for midsize fund firms (those with between $10 billion and $100 billion in fund and ETF AUM).

Edward Jones' Bridge Builder brought in an estimated $1.558 billion in net inflows in May, more than any other midsize firm and up from $891 million in April. Other top inflows shops in May included: First Trust, $1.371 billion (up from $1.076 billion in April); AB, $1.095 billion (up from $270 million); Eaton Vance, $843 million (up from $379 million); and Morgan Stanley, $837 million (up from $546 million).

Edgewood led the midsize fund firms on a relative basis, with estimated net inflows in May equivalent to 3.56 percent of its AUM, up from 1.81 percent in April. Other big inflows winners proportionately in May included: Bridge Builder, 2.79 percent (up from 1.66 percent in April); Calamos, 2.26 percent (up from 1.74 percent); Morgan Stanley, 2.24 percent (up from 1.52 percent); and First Trust, 2.2 percent (up from 1.81 percent).

On the flip side, May was a rough month for Harbor, which led the midsize pack with $1.117 billion in estimated net outflows, up from $671 million in April. Other big sufferers in May included: AMG, $1.047 billion (up from $176 million); Van Eck, $912 million (up from $86 million); TCW, $874 million (up from $686 million); and GMO, $777 million (up from $455 million).

Proportionately, BBH was again the biggest sufferer among midsize firms, with estimated net outflows in May equivalent to 4.09 percent of its AUM, up from 3.34 percent in April. Other big sufferers in May, proportionately, included: AMG, 3.01 percent (up from 0.5 percent); Touchstone, 2.72 percent (up from 0.24 percent); AIG, 2.46 percent (up from 1.25 percent); and TCW, 2.41 percent (up from 0.97 percent).

As a group, fund families with between $10 billion and $100 billion in AUM suffered $3.509 billion in net outflows in May, equivalent to about 0.11 percent of their combined AUM. That's down from $4.39 billion in net outflows in April.

M* recently released a report about industrywide flows, and MFWire highlighted the biggest winners and losers among the largest fund firms. Across the whole industry, passive funds brought in $41.3 billion in net inflows in May, while active funds suffered $900 million in net outflows. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF webinar - Latest Updates In Mutual Fund Litigation and Enforcement, June 6
  2. Pershing Insite 2023, Jun 6-8
  3. Nicsa webinar - The Journey From Networking to Sponsorship, June 7
  4. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  5. Expect Miracles East Coast Classic, June 8
  6. 2023 MMI Alternative Investments Forum, June 13
  7. WE DC - ESG Panel Discussion, June 13
  8. Nicsa Fearless Leadership Symposium, June 14
  9. MFDF Director Discussion Series - Open Forum (Denver), June 20
  10. The Ben Graham 10th Annual Conference, Jun 20-21
  11. IDC Industry Segment Call - Governance Committee Chairs, June 21
  12. Crane Data's Money Fund Symposium, Jun 21-23
  13. IDC Industry Segment Call - Board Leaders, June 22
  14. 2023 MMI Distribution Leadership Forum, Jun 22-23
  15. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  16. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  17. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  18. MFDF Director Discussion Series - Open Forum (New York), July 18
  19. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  20. MFDF webinar - Generative AI — It's Here, July 20
  21. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  22. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  23. MFDF Improving Equity Fund Alpha Estimates, September 13
  24. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  25. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  26. Expect Miracles Atlanta Coast Classic, October 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use