MutualFundWire.com: $7T, 2,151 Funds, and Counting
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Monday, June 30, 2025

$7T, 2,151 Funds, and Counting


The short-term side of the mutual fund industry reached reversed its flows fortunes last month, according to the latest data from the folks at a publicly traded investment research firm.

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 May 2025, across 74 money fund firms. (That's down by one firm month-over-month from April 2025 but unchanged year-over-year from May 2024).

BlackRock led the pack for a second consecutive month, thanks to an estimated $15.569 billion in net money fund inflows in May 2025, up by $8.468 billion M/M from April 2025 and up by $4.437 billion Y/Y from May 2024. Other big May 2025 inflows winners included:
  • J.P. Morgan, $13.854 billion (up by $28.789 billion M/M, up by $4.156 billion Y/Y);
  • U.S. Bancorp's First American, $9.562 billion (up by $7.029 billion M/M, up by $5.784 billion Y/Y);
  • Federated Hermes, $8.181 billion (up by $20.567 billion M/M, up by $5.551 billion Y/Y); and
  • Fidelity, $8.126 billion (up by $26.374 billion M/M, down by $1.694 billion Y/Y).

    • Fidelity leads the money fund inflows pack over the last year, thanks to an estimated $150.1 billion in net money fund inflows over the trailing twelve months ended on May 31, 2025. Other big TTM money fund inflows winners included: BlackRock, $101.464 billion; and Schwab, $94.783 billion.

    On the flip side, Goldman Sachs took the outflows lead last month, thanks to an estimated $7.054 billion in net May 2025 outflows, down by $7.342 billion M/M from April 2025, and a $15.25-billion net flows drop Y/Y from May 2024. Other big May 2025 outflows sufferers included:
  • HSBC, $4.173 billion (a $7.929 billion net flows drop M/M, up by $898 million Y/Y);
  • AllianceBernstein, $1.952 billion (a $2.17-billion net flows drop M/M, up by $1.896 billion Y/Y);
  • Morgan Stanley, $1.313 billion (down by $10.685 billion M/M, a $5.02-billion net flows drop Y/Y); and
  • Edward Jones' Bridge Builder, $646 million (down by $701 million M/M, up by $167 million Y/Y).

    • RBC Global Asset Management leads the money fund outflows pack over the last year, thanks to an estimated $4.173 billion in net TTM money fund outflows as of May 31, 2025. Other big money fund outflows sufferers included: AllianceBernstein, $1.084 billion; and SEI, $1.039 billion.

    As a group, money fund firms brought in $66.356 billion in net May 2025 inflows, up by $138.178 billion M/M and up by $3.839 billion Y/Y. 34 firms brought in net money fund inflows last month.

    On May 31, 2025, the money fund industry held:
  • $7 trillion in AUM (up by $97 billion M/M, up by $913 million Y/Y),
  • across 2,151 money funds (down by 3 M/M, up by 28 Y/Y).

    • Money funds have brought in $691.98 billion in TTM inflows as of May 31, 2025. 47 firms brought in net money fund inflows over the last year.


    Printed from: MFWire.com/story.asp?s=70096

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