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

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

Rating:An Insurer's ETF Arm Leads With $99MM Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 21, 2022

An Insurer's ETF Arm Leads With $99MM

Reported by Neil Anderson, Managing Editor

An insurer's ETF business took the inflows lead last month among the smallest fund firms.

Johan Grahn
Allianz Investment Management
Head of ETFs
This article draws from Morningstar Direct data on October 2022 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds. (Other asset management products, like CITs and SMAs, are also not included.) More specifically, this article focuses on the 527 firms (down month-over-month from 528 in September 2022 but up year-over-year from 499 in October 2021) with less than $1 billion each in long-term fund AUM.

Micro fund firms had $102 billion in total, long-term fund AUM as of October 31, 2022, accounting for 0.45 percent of overall industry long-term fund AUM. That compares with $103 billion and 0.48 percent on September 30, 2022, and with $97 billion and 0.35 percent on October 31, 2021.

197 of those micro fund firms brought in net inflows last month, down from 216 in September 2022 and 254 in October 2021.

Allianz Investment Management took the lead last month, thanks to an estimated $99 million in net October 2022 inflows, up M/M from $9 million in September 2022 and up Y/Y from $14 million in October 2021. Other big October 2022 inflows winners included: F/m Investments, $91 million; Simplify, $73 million (up M/M from $66 million, up Y/Y from $30 million); Strive, $69 million (up M/M from $32 million); and Alpha Architect, $62 million (up M/M from $19 million, up Y/Y from negligible inflows).

October 2022 featured at least two apparent mutual fund industry newcomers: Curran Investment Partners and Unlimited.

Kensington Asset Management now leads the 2022 micro firm inflows pack, thanks to an estimated $588 million in net year-to-date inflows as of October 31. Other big YTD inflows winners included: Campbell, $577 million; and Teucrium, $530 million.

On the flip side, CGM took the micro firm outflows lead last month, thanks to an estimated $119 million in net October 2022 outflows, up M/M from $5 million in September 2022 and up Y/Y from $9 million in October 2021. Other big October 2022 outflows sufferers included: Callahan's Trust for Credit Unions, $78 million (down M/M from $227 million, down Y/Y from $239 million); Frontier, $76 million (down M/M from $302 million, down Y/Y from $3 million in net inflows); Bramshill, $70 million (up M/M from $20 million, down Y/Y from $15 million in net inflows); and Merk, $67 million (down M/M from $2 million in net inflows, down Y/Y from $14 million in net inflows).

Trust for Credit Unions still leads the 2022 micro firm outflows pack, thanks to an estimated $3.392 billion in net YTD outflows as of October 31. Other big outflows sufferers YTD included: Frontier, $1.752 billion; and Semper, $810 million.

As a group, micro firms suffered $234 million in net October 2022 outflows, equivalent to 0.23 percent of their combined AUM and accounting for 1.07 percent of overall industry long-term outflows. That compares with $128 million in net inflows and 0.48 percent of AUM in September 2022, and with $1.296 billion in net inflows, 1.33 percent of AUM, and 1.55 percent of industry inflows in October 2021.

Over the first ten months of 2022, micro firms suffered a combined $2.168 billion in net outflows. That's equivalent to 2.12 percent of their combined AUM and accounts for 0.94 percent of overall industry long-term outflows.

Across the entire industry, the 787 firms tracked by the M* team (up M/M and Y/Y from 781) suffered an estimated $21.911 billion in net October 2022 outflows, equivalent to 0.1 percent of their combined $22.554 trillion in AUM. That's down M/M from $76.784 billion and 0.36 percent, and down Y/Y from $83.864 billion in net inflows and 0.3 percent of AUM.

Active funds suffered an estimated $101.864 billion in net October 2022 outflows, up M/M from $97.398 billion but down Y/Y from $5.324 billion in net inflows. Passive funds brought in $79.909 billion in net October 2022 inflows, up M/M from $20.732 billion and up Y/Y from $78.71 billion.

As of October 31, long-term funds and ETFs have suffered $231.047 billion in net 2022 outflows. That's equivalent to 1.02 percent of their combined AUM. 

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
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  2. IMEA webinar - Snapshot on the Talent Landscape, June 18
  3. 2024 MMI National Accounts Roundable, June 18
  4. MMI webinar - RIA Consolidators: The New Key Accounts?, June 20
  5. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  6. MMI webinar - DoL Fiduciary Rule Update: What Are the Implications?, June 21
  7. WE Chicago - Pre-Morningstar Conference reception, June 25
  8. Celebrating 100 Years of the Mutual Fund, June 25
  9. New York YPEM Cornhole Classic, June 25
  10. Morningstar Investment Conference Conference 2024, Jun 26-27
  11. 2024 MMI Institutional Roundtable, June 26
  12. WE PNW Seattle - Pickleball and Networking, June 27
  13. Celebrating 100 Years of the Mutual Fund, July 11
  14. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  15. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  16. MFDF Director Discussion Series - Open Forum (New York), July 23
  17. IMEA Portfolio Construction Roundtable, September 19
  18. MFDF Continuing Regulatory Impacts on Fund Boards program, October 15
  19. 2024 MMI Annual Conference, Oct 15-17
  20. IMEA Philanthropic Day, October 22
  21. IMEA Leadership Summit, October 23
  22. IMEA Star Awards Celebration, October 23
  23. IMEA Marketing Summit, October 24
  24. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  25. MFDF Director Discussion Series - Open Forum (Denver), November 6
  26. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use