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

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

Rating:For Four Months, JPM Keeps the Active Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 30, 2020

For Four Months, JPM Keeps the Active Lead

Reported by Neil Anderson, Managing Editor

Active outflows plunged last month, while passive inflows slipped slightly.

This article draws from Morningstar Direct data on October 2020 open-end mutual fund and ETF flows in the U.S., excluding money market funds and funds of funds.

On the active side of the business, J.P. Morgan (including Six Circles) kept the lead for a fourth month in a row, with estimated net October active inflows of $4.973 billion, up from $4.618 billion in September. Other big October active inflows winners included: Edward Jones' Bridge Builder, $3.699 billion (up from $620 million); Vanguard, $2.721 billion (up from $2.482 billion); Morgan Stanley, $2.467 billion (up from $259 million); and Baird, $2.284 billion (down from $2.622 billion).

On the passive of the business, BlackRock regained the lead, thanks to an estimated $10.467 billion in net October passive inflows, up from $3.496 billion in September. Other big October passive inflows winners included: Vanguard, $10.101 billion (up from $9.204 billion); Fidelity, $6.866 billion (up from $1.913 billion); TIAA's Nuveen, $2.392 billion (up from $1.146 billion in net outflows); and Charles Schwab, $1.47 billion (down from $1.518 billion).

On the flip side, October was another rough month for Fidelity's active mutual funds, which suffered an estimated $3.881 billion in net outflows, more than any other active fund firm but down from $10.264 billion in September. Other big October active outflows sufferers included: T. Rowe Price, $3.654 billion (up from $1.285 billion); DFA, $3.48 billion (down from $3.836 billion); Capital Group's American Funds, $2.677 billion (up from $1.882 billion); and Franklin Templeton, $2.675 billion (up from $1.016 billion).

On the passive side, SSGA led the outflows pack again last month, suffering an estimated $7.017 billion in net October passive outflows, up from $1.382 billion in September. Other big October passive outflows sufferers included: Invesco, $2.991 billion (down from $2.656 billion in net inflows); Principal, $1.293 billion (up from $57 million); Rafferty's Direxion, $626 million (up from $168 million); and Jackson, $550 million (up from $344 million).

Industrywide, 699 active fund families (up from 695 in September) suffered an estimated $6.943 billion in net active outflows in October, down from $12.348 billion in September. 281 of those firms gained net active inflows in October, up from 275 in September.

142 passive fund families (up from 141 in September) brought in an estimated $22.583 billion in net passive inflows in October, down from $23.887 billion in September. 73 of those firms gained net passive inflows in October, down from 76 in September. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. The 32nd Sub-Advised Funds Forum, Sep 20-21
  2. Crane's Money Fund Symposium, Sep 21-23
  3. Expect Miracles Foundation's 4th Annual Atlantic Coast Classic, September 21
  4. ICI 2021 Virtual Tax and Accounting Conference - Day 1, September 21
  5. MFDF webinar - the Nuts and Bolts of SPACs, September 22
  6. Morningstar Investment Conference, Sep 22-24
  7. Nicsa webinar - Listen, Learn & Lead | Utilizing Beneficial Partnerships, September 22
  8. MFDF Director Discussion Series - Open Forum via Zoom, September 23
  9. MMI Distribution Leadership Forum - Day 2, September 24
  10. Citywire Greenwich Harbor Retreat 2021, Sep 27-28
  11. Inside ETFs, Sep 27-29
  12. MFDF webinar - MPI's 2021 Mid-Year Survey of Investment Firm Profitability, September 28
  13. ICI 2021 Virtual Tax and Accounting Conference - Day 2, September 28
  14. IMEA In-Person Leadership Summit, September 29
  15. ALFI Digi Pulse USA, September 30
  16. ICI 2021 Virtual Tax and Accounting Conference - Day 3, October 5
  17. Nicsa 2021 General Membership Meeting, Oct 6-8
  18. MFDF webinar - BDCs 101: The Board Perspective, October 13
  19. MFDF Director Discussion Series - Open Forum (New York), October 14
  20. Fund Intelligence Mutual Fund Industry and ETF Awards, October 14
  21. 2021 Nicsa GMM - Digital Innovation Summit, October 19
  22. 2021 MMI Annual Conference, Oct 20-28
  23. Tiburon CEO Summit XLI, Nov 1-3
  24. MFDF webinar - ISO Crypto Exposure: What Boards Need to Know, November 9
  25. MFDF Director Discussion Series - Open Forum via Zoom, November 18
  26. MFDF webinar - Fund Industry Claims Trends: An Insurer's Perspective, December 2




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use