Asia leading new money - Global FlowWatch Series - February 2020

Global long-term mutual funds recorded US$99 billion in net new money during the month of February. Local Asia led with US$32 billion in net flows, followed by Crossborder and Latin America, with US$21 billion and US$19 billion, respectively. The U.S. and Local Europe experienced an aggregate US$27 billion in net deposits.

Actively managed funds garnered US$64 billion while passive funds accumulated US$35 billion in net deposits. Investors in Local Asia were the largest benefactors of active funds, gathering an aggregate US$24 billion in net new money. Overall, bond funds attracted the most investor demand out of any asset class, with US$70 billion in net subscriptions.

Vanguard was the best-performing manager during the month, with US$22 billion in net new cash. Its best-selling fund, the Vanguard Total Stock Mkt Index, attracted approximately US$13 billion in new investor money. The fund provides broad exposure to U.S. stocks of all sizes and had US$841 billion in assets under management as of February 2020.