MutualFundWire.com: 21Shares Wins the February Per Fund Race

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Thursday, March 21, 2024

21Shares Wins the February Per Fund Race

A cryptocurrency-focused firm took the inflows lead proportionately last month, according to the latest data from the folks at a publicly traded investment research firm.

Ophelia Snyder
21Shares
Co-Founder, President

This article draws from Morningstar Direct data on February 2024 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.)

21Shares pulled ahead last month, thanks to an estimated $158 million per fund in net February 2024 inflows, up month-over-month from $107 million per fund in January 2024. Other big February 2024 inflows winners included: Dodge & Cox, $156 million per fund (down M/M from $180 million per fund, up year-over-year from $80 million per fund in February 2023); Volatility Shares, $86 million per fund (up M/M from $49 million per fund); Bitwise, $83 million (down M/M from $105 million per fund, up Y/Y from less than $1 million per fund in net outflows); and Alpha Architect, $76 million per fund (up M/M from $30 million per fund, up Y/Y from $2 million per fund).

On the flip side, Edgewood took the outflows lead last month, thanks to an estimated $250 million per fund in net February 2024 outflows, up M/M from $62 million per fund in January 2024 and up Y/Y from $93 million per fund in February 2023. Other big February 2024 inflows winners included: Grayscale, $164 million per fund (down M/M from $348 million per fund, down Y/Y from zero net flows); Primecap, $111 million (down M/M from $117 million per fund, up Y/Y from $69 million per fund); Akre, $41 million per fund (down M/M from $112 million per fund, up Y/Y from $30 million per fund); and Ark, $41 million per fund (down M/M from $114 million per) fund, up Y/Y from $7 million per fund.

In February 2024, the whole long-term mutual fund and ETF industry brought in $1.484 million per fund in net inflows. That's up M/M from $847,000 per fund in January 2024 and up Y/Y from $77,000 per fund in February 2023 outflows.

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