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

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

Rating:MMF Inflows Return, Even As Other Inflows Jump Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 23, 2021

MMF Inflows Return, Even As Other Inflows Jump

Reported by Neil Anderson, Managing Editor

Money funds returned to net inflows last month, even as other mutual funds' inflows boomed.

Laurence D. "Larry" Fink
BlackRock
Chairman, CEO
This article draws from Morningstar Direct data on money market mutual fund flows in the U.S. in February 2021.

Money funds account for 12.68 percent of all mutual fund and ETF AUM as of February 28, down from 12.71 percent on January 31. Five of the ten money fund firms tracked by the M* team brought in net inflows in February and year-to-date, up from four firms with money fund inflows in January.

BlackRock took the money market lead last month, thanks to an estiamted $34.792 billion in net money fund inflows in February 2021, up month-over-month from $9.673 billion in January 2021 money fund outflows. Other big February 2021 money fund inflows winners included: J.P. Morgan, $24.694 billion (up MOM from $9.176 billion); and BNY Mellon's Dreyfus, $11.024 billion (down MOM from $11.943 billion).

For the first two months of 2021, J.P. Morgan led the money fund pack, thanks to an estimated $33.87 billion in net, year-to-date inflows. Other big YTD money market inflows winners included: BlackRock, $25.119 billion; and Dreyfus, $22.967 billion.

On the flip side, February was a rough month for Fidelity's money funds, which led the pack with an estimated $10.268 billion in net money fund outflows, up MOM from $3.548 billion in January. Other big February money fund outflows sufferers included: Federated, $7.873 billion (down MOM from $9.354 billion); and Vanguard, $5.649 billion (up MOM from $4.491 billion).

As of the end of February, Federated led the money fund outflows pack thanks to an estimated $17.227 billion in net YTD money fund outflows. Other big YTD outflows sufferers included: Fidelity, $13.816 billion; and Charles Schwab, $8.483 billion.

Overall, money funds brought in an estimated $58.536 billion in net February inflows, equivalent to 1.67 percent of their combined AUM and accounting for 28.84 percent of overall mutual fund and ETF inflows. That's up from $5.44 billion in net money fund flows in January, equivalent to 0.16 percent of money fund AUM. (By comparison, non-money-market, i.e. long-term mutual funds and ETFs brought in $144.457 billion in net February inflows, up more than 50 percent from January.)

YTD, money funds have brought in an estimated $53.096 billion in net inflows, equivalent to 1.51 percent of money fund AUM. (By comparison, long-term funds and ETFs have brought in an estimated $239.71 billion YTD.) 

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