Slideshow Big reversal in mutual fund flows on Trump plans

Published
  • March 01 2017, 4:04pm EST
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Long-only equity mutual funds have benefited from a major rally in U.S. equities, reporting net-positive weekly flows for the first time in nearly a year.

Investors have propelled stocks at a torrid pace in response to President Trump's hopes to cut taxes and boost infrastructure spending, analysts say.

Morningstar Senior Analyst Alina Lamy reports that long-only equity mutual funds gained $177.62 million in inflows during the second week of February, the first time equity mutual funds saw net-positive weekly flows since last March when they experienced inflows of $1.45 billion.

“Optimism right after the election in November sparked U.S. equity funds and ETFs, overall, as both saw significant inflows. There was a clear reversal,” Lamy says. “Before that, outflows from the more expensive funds were larger than the inflows into the lower cost funds, so the overall flows were negative; however, the strong inflows into index funds were positive.”

The S&P 500 has continued to set records and stands nearly 12.8% higher than it was on Election Day.

Lamy notes that a majority of recent mutual fund flows have gone to fixed-income and international equity funds.

Vanguard and Fidelity have a combined 12 funds in this ranking of 20. Scroll through to see the long-only equity mutual funds that attracted the most new money over the last year. All data from Morningstar.

20. Wells Fargo Special Mid Cap Value Inst (WFMIX)

Estimated 1-Yr. Net Flows (millions): $2,364
1-Yr. Return: 31.69%
5-Yr. Reutrn: 15.71%
Expense Ratio: 0.87%
Total Assets (millions): $6,386.46

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19. Vanguard Extended Market Index Investor (VEXMX)

Estimated 1-Yr. Net Flows (millions): $2,536
1-Yr. Return: 34.91%
5-Yr. Reutrn: 12.80%
Expense Ratio: 0.22%
Total Assets (millions): $51,148.60

18. Delaware Value Inst (DDVIX)

Estimated 1-Yr. Net Flows (millions): $2,567
1-Yr. Return: 25.05%
5-Yr. Reutrn: 14.38%
Expense Ratio: 0.72%
Total Assets (millions): $14,882.05

17. Fidelity Total Market Index Investor (FSTMX)

Estimated 1-Yr. Net Flows (millions): $2,581
1-Yr. Return: 26.96%
5-Yr. Reutrn: 13.72%
Expense Ratio: 0.09%
Total Assets (millions): $38,241.07

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16. Loomis Sayles Growth Y (LSGRX)

Estimated 1-Yr. Net Flows (millions): $2,677
1-Yr. Return: 21.40%
5-Yr. Reutrn: 15.61%
Expense Ratio: 0.66%
Total Assets (millions): $5,215.13

15. ClearBridge Large Cap Growth A (SBLGX)

Estimated 1-Yr. Net Flows (millions): $3,009.44
1-Yr. Return: 21.47%
5-Yr. Reutrn: 15.68%
Expense Ratio: 1.11%
Total Assets (millions): $6,083.51

14. Fidelity SAI US Quality Index (FUQIX)

Estimated 1-Yr. Net Flows (millions): $3,116
1-Yr. Return: 21.04%
5-Yr. Reutrn: N/A
Expense Ratio: 0.15%
Total Assets (millions): $4,331.19

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13. Federated Strategic Value Dividend Instl (SVAIX)

Estimated 1-Yr. Net Flows (millions): $3,286
1-Yr. Return: 12.88%
5-Yr. Reutrn: 11.64%
Expense Ratio: 0.81%
Total Assets (millions): $14,348.32

12. Vanguard Equity-Income Inv (VEIPX)

Estimated 1-Yr. Net Flows (millions): $3,638
1-Yr. Return: 23.64%
5-Yr. Reutrn: 13.54%
Expense Ratio: 0.26%
Total Assets (millions): $25,874.14

11. Victory Sycamore Established Value R (GETGX)

Estimated 1-Yr. Net Flows (millions): $3,788
1-Yr. Return: 31.77%
5-Yr. Reutrn: 14.46%
Expense Ratio: 1.16%
Total Assets (millions): $8,132.10

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10. Janus Enterprise D (JANEX)

Estimated 1-Yr. Net Flows (millions): $4,034
1-Yr. Return: 26.34%
5-Yr. Reutrn: 13.65%
Expense Ratio: 0.84%
Total Assets (millions): $11,968.54

9. Vanguard Mid Cap Index Institutional (VMCIX)

Estimated 1-Yr. Net Flows (millions): $4,426
1-Yr. Return: 27.35%
5-Yr. Reutrn: 13.22%
Expense Ratio: 0.07%
Total Assets (millions): $79,891.73

8. Vanguard Small Cap Value Index Inv (VISVX)

Estimated 1-Yr. Net Flows (millions):$4,671
1-Yr. Return: 37.12%
5-Yr. Reutrn: 14.47%
Expense Ratio: 0.20%
Total Assets (millions): $25,772.39

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7. Fidelity SAI US Large Cap Index (FLCPX)

Estimated 1-Yr. Net Flows (millions): $4,750.49%
1-Yr. Return: 25.35%
5-Yr. Reutrn: N/A
Expense Ratio: 0.02%
Total Assets (millions): $5,002.27

6. Vanguard Small Cap Index Inv (NAESX)

Estimated 1-Yr. Net Flows (millions): $6,742
1-Yr. Return: 34.20%
5-Yr. Reutrn: 13.05%
Expense Ratio: 0.20%
Total Assets (millions): $71,907.21

5. Invesco Diversified Dividend A (LCEAX)

Estimated 1-Yr. Net Flows (millions): $6,954
1-Yr. Return: 19.46%
5-Yr. Reutrn: 13.89%
Expense Ratio: 0.83%
Total Assets (millions): $22,239.49

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4. Fidelity 500 Index Investor (FUSEX)

Estimated 1-Yr. Net Flows (millions): $7,007
1-Yr. Return: 25.26%
5-Yr. Reutrn: 13.95%
Expense Ratio: 0.09%
Total Assets (millions): $111,429.52

3. Vanguard Value Index Inv (VIVAX)

Estimated 1-Yr. Net Flows (millions): $7,735
1-Yr. Return: 27.95%
5-Yr. Reutrn: 14.14%
Expense Ratio: 0.22%
Total Assets (millions): $52,231.47

2. Vanguard 500 Index Investor (VFINX)

Estimated 1-Yr. Net Flows (millions): $37,844
1-Yr. Return: 25.20%
5-Yr. Reutrn: 13.88%
Expense Ratio: 0.16%
Total Assets (millions): $292,354.58

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1. Vanguard Total Stock Mkt Idx Inv (VTSMX)

Estimated 1-Yr. Net Flows (millions): $46,737
1-Yr. Return: 26.87%
5-Yr. Reutrn: 13.67%
Expense Ratio: 0.16%
Total Assets (millions): $517,957.76