- It's a mixed bag, but the continuing broad theme for flows is the domination of passive strategies and fixed-income.
- More than half of the managers in Katz's coverage universe saw outflows last month - WisdomTree (NASDAQ:WETF), Waddell & Reed (NYSE:WDR), and Franklin Resources (NYSE:BEN) getting hit the worst.
- Among active managers, only Affiliated Managers Group (NYSE:AMG) and AllianceBernstein (NYSE:AB) saw inflows.