New money led by Asia - Global FloWatch - August 2019

Global long-term mutual funds recorded US$14 billion in net new money during the month of August. Local Asia led with US$26 billion, followed by Latin America, with US$8 billion in net flows. Crossborder and Local Europe had positive inflows with a combined US$4 billion. Meanwhile, the U.S. suffered US$24 billion in net redemptions.

Passively managed funds and actively managed funds garnered US$11 billion and US$3 billion, respectively. Investors in Local Asia were the largest benefactors of active funds, gathering an aggregate US$16 billion in net new money. Overall, bond funds attracted the most investor demand out of any asset class, with US$66 billion in net subscriptions.

Vanguard was the best-performing manager during the month, with US$8 billion in net new cash. Its best-selling fund, the Vanguard Total Stock Mkt Index, attracted approximately US$6 billion in new investor money. The fund offers investors broad exposure to U.S. stocks of all sizes.