Biggest outflows year to date
June 14, 2017 3:39 PM
The 20 largest cash outflows from mutual funds and ETFs this year to-date topped $55 billion. Certainly not enough to offset the $94 billion in inflows we reported last week, but it was the mirror opposite in one significant way. Active management accounted for 17 of the largest outflows, while passive management took in the lion’s share of inflows last week.
That dynamic could be seen in the expense data as well. The average on this week’s list was 70 basis points. That‘s not so high compared to historical norms, perhaps, but it's much more expensive than last week’s average of 8 basis points.
•ETF flows give no whiff of bear market
•Biggest fund flows year-to-date
And to give the same context we offered for inflows: The $55 billion in outflows, if channeled into one revenue stream, would be enough to rank 53rd on the recently released Fortune 500, above Morgan Stanley and Goldman Sachs based on those firms’ revenue figures last year.
Scroll through to see the latest 20 outflows year to date. All data from Morningstar.
That dynamic could be seen in the expense data as well. The average on this week’s list was 70 basis points. That‘s not so high compared to historical norms, perhaps, but it's much more expensive than last week’s average of 8 basis points.
•
•
And to give the same context we offered for inflows: The $55 billion in outflows, if channeled into one revenue stream, would be enough to rank 53rd on the recently released Fortune 500, above Morgan Stanley and Goldman Sachs based on those firms’ revenue figures last year.
Scroll through to see the latest 20 outflows year to date. All data from Morningstar.
20. Fidelity Mega Cap Stock (FGRTX)
YTD Flows (millions): ($1,838.29)
3-Yr. Return: 7.83%
Expense Ratio: 0.69%
Total Assets (millions): $2,205.71
3-Yr. Return: 7.83%
Expense Ratio: 0.69%
Total Assets (millions): $2,205.71
19. Strategic Advisers International (FILFX)
YTD Flows (millions): ($1,908.99)
3-Yr. Return: 2.30%
Expense Ratio: 0.76%
Total Assets (millions):
3-Yr. Return: 2.30%
Expense Ratio: 0.76%
Total Assets (millions):
18. American Funds Income Fund of Amer A (AMECX)
YTD Flows (millions): ($1,908.99)
3-Yr. Return: 5.59%
Expense Ratio: 0.56%
Total Assets (millions): $107,188.47
3-Yr. Return: 5.59%
Expense Ratio: 0.56%
Total Assets (millions): $107,188.47
17. American Funds Washington Mutual A (AWSHX)
YTD Flows (millions): ($1,963.56)
3-Yr. Return: 8.37%
Expense Ratio: 0.58%
Total Assets (millions): $92,448.99
3-Yr. Return: 8.37%
Expense Ratio: 0.58%
Total Assets (millions): $92,448.99
16. American Funds Invmt Co of Amer A (AIVSX)
YTD Flows (millions): ($2,064.05)
3-Yr. Return: 8.45%
Expense Ratio: 0.59%
Total Assets (millions): $86,363.80
3-Yr. Return: 8.45%
Expense Ratio: 0.59%
Total Assets (millions): $86,363.80
15. Fidelity Low-Priced Stock (FLPSX)
YTD Flows (millions): ($2,108.45)
3-Yr. Return: 6.49%
Expense Ratio: 0.88%
Total Assets (millions): $38,363.84
3-Yr. Return: 6.49%
Expense Ratio: 0.88%
Total Assets (millions): $38,363.84
14. Strategic Advisers Core (FCSAX)
YTD Flows (millions): ($2,110.99)
3-Yr. Return: 8.87%
Expense Ratio: 0.56%
Total Assets (millions): $23,160.42
3-Yr. Return: 8.87%
Expense Ratio: 0.56%
Total Assets (millions): $23,160.42
13. Multi-Manager Growth Strategies A (CSLGX)
YTD Flows (millions): ($2,169.46)
3-Yr. Return: 10.22%
Expense Ratio: 1.12%
Total Assets (millions): $2,498.35
3-Yr. Return: 10.22%
Expense Ratio: 1.12%
Total Assets (millions): $2,498.35
12. American Funds Capital Income Bldr A (CAIBX)
YTD Flows (millions): ($2,380.21)
3-Yr. Return: 4.09%
Expense Ratio: 0.60%
Total Assets (millions): $106,010.01
3-Yr. Return: 4.09%
Expense Ratio: 0.60%
Total Assets (millions): $106,010.01
11. American Funds Capital World Gr&Inc A (CWGIX)
YTD Flows (millions): ($2,408.33)
3-Yr. Return: 4.79%
Expense Ratio: 0.79%
Total Assets (millions): $90,740.05
3-Yr. Return: 4.79%
Expense Ratio: 0.79%
Total Assets (millions): $90,740.05
10. MFS International Value A (MGIAX)
YTD Flows (millions): ($2,426.56)
3-Yr. Return: 7.67%
Expense Ratio: 1.01%
Total Assets (millions): $27,327.32
3-Yr. Return: 7.67%
Expense Ratio: 1.01%
Total Assets (millions): $27,327.32
9. MFS Value A (MEIAX)
YTD Flows (millions): ($2,570.95)
3-Yr. Return: 8.75%
Expense Ratio: 0.86%
Total Assets (millions): $43,501.81
3-Yr. Return: 8.75%
Expense Ratio: 0.86%
Total Assets (millions): $43,501.81
8. Multi-Manager Value Strategies A (CDEIX)
YTD Flows (millions): ($2,594.66)
3-Yr. Return: 7.73%
Expense Ratio: 1.13%
Total Assets (millions): $2,513.77
3-Yr. Return: 7.73%
Expense Ratio: 1.13%
Total Assets (millions): $2,513.77
7. Fidelity Growth Company (FDGRX)
YTD Flows (millions): ($2,638.59)
3-Yr. Return: 14.16%
Expense Ratio: 0.77%
Total Assets (millions): $37,758.80
3-Yr. Return: 14.16%
Expense Ratio: 0.77%
Total Assets (millions): $37,758.80
6. American Funds Growth Fund of Amer A (AGTHX)
YTD Flows (millions): ($2,653.49)
3-Yr. Return: 10.32%
Expense Ratio: 0.66%
Total Assets (millions): $163,478.14
3-Yr. Return: 10.32%
Expense Ratio: 0.66%
Total Assets (millions): $163,478.14
5. T. Rowe Price Growth Stock (PRGFX)
YTD Flows (millions): ($2,863.75)
3-Yr. Return: 12.94%
Expense Ratio: 0.68%
Total Assets (millions): $50,712.37
3-Yr. Return: 12.94%
Expense Ratio: 0.68%
Total Assets (millions): $50,712.37
4. Fidelity Contrafund (FCNTX)
YTD Flows (millions): ($2,865.08)
3-Yr. Return: 11.07%
Expense Ratio: 0.68%
Total Assets (millions): $114,455.36
3-Yr. Return: 11.07%
Expense Ratio: 0.68%
Total Assets (millions): $114,455.36
3. iShares Russell 2000 (IWM)
YTD Flows (millions): ($3,813.90)
3-Yr. Return: 8.12%
Expense Ratio: 0.20%
Total Assets (millions): $37,396.24
3-Yr. Return: 8.12%
Expense Ratio: 0.20%
Total Assets (millions): $37,396.24
2. SPDR S&P 500 ETF (SPY)
YTD Flows (millions): ($5,649.64)
3-Yr. Return: 9.80%
Expense Ratio: 0.10%
Total Assets (millions): $239,276.05
3-Yr. Return: 9.80%
Expense Ratio: 0.10%
Total Assets (millions): $239,276.05
1. Multi-Manager Total Return Bond Strat A (CMCPX)
YTD Flows (millions): ($6,147.37)
3-Yr. Return: 2.47%
Expense Ratio: 0.81%
Total Assets (millions): $7,104.79
3-Yr. Return: 2.47%
Expense Ratio: 0.81%
Total Assets (millions): $7,104.79
