Bond products attract highest net flows - New funds in global markets - Q3 2019

A total of 1,911 new funds were launched in Q3 2019 in Asia and Europe. Net sales into the new launches were US$94.1 billion through the third quarter of 2019.

Q3 2019 saw 123 ETFs launched, 79 of which were launched in Asia, 31 of which were cross-border and 13 of which were European launches.

Asian funds market share of net sales rebounded in Q3 2019, following three consecutive quarterly declines.

Over the course of Q3, Asia saw the highest average sales flows, at US$62 million per fund, while local Europe and cross-border funds experienced a decline in average sales per fund, with US$41 million and US$33 million, respectively.

Bond products attracted the largest absolute net flows, at US$38 billion, followed by equity and mixed asset class with net sales of US$30 billion and US$7.6 billion, respectively, in Q3 2019.

A total of 1,074 new funds were launched in Asia in Q3 2019, gathering US$67 billion in new investor money. Bond funds attracted the largest absolute inflows, at US$28 billion, with 270 new funds launched in the period.

Net sales flows into European and cross-border funds totalled US$39 billion in Q3 2019. The number of funds issued in a quarter hit a record high of 975, with 303 new mixed asset funds, 300 equity funds and 227 in fixed income products. Equity products were most popular, with US$13 billion in net sales, US$10 billion of net sales flowed into fixed income assets during the quarter. Mixed asset class experienced US$8 billion in net sales.