International investors do best - Global FlowWatch - January 2020

Global long-term mutual funds recorded US$182 billion in net new money during the month of January. The U.S. led with US$76 billion in net flows, followed by Crossborder and Local Asia, with US$48 billion and US$24 billion, respectively. Latin America and Local Europe experienced an aggregate US$34 billion in net deposits.

Actively managed funds garnered US$81 billion while passive funds accumulated US$101 billion in net deposits. International investors were the largest benefactors of active funds, gathering an aggregate US$32 billion in net new money. Overall, bond funds attracted the most investor demand out of any asset class, with US$123 billion in net subscriptions.

Vanguard was the best-performing manager during the month, with US$44 billion in net new cash. Its best-selling fund, the Vanguard 500 Index, attracted approximately US$7 billion in new investor money. The fund provides exposure to 500 of the largest U.S. companies and had US$543 billion in assets under management as of January 2020.