Long-term mutual funds take in US$72bn - Global FlowWatch - May 2020

Global long-term mutual funds recorded US$72 billion in net new money during the month of May. Crossborder led with US$27 billion in net flows, followed by the U.S. and Local Asia, with US$26 billion and $10 billion, respectively. Latin America and Local Europe accumulated an aggregate US$8 billion in net new cash.

Actively managed funds garnered US$35 billion while passive managed funds amassed US$37 billion in net deposits. International investors were the largest benefactors of active funds, gathering an aggregate US$18 billion in net new money. Overall, bond funds attracted the most investor demand out of any asset class, with US$108 billion in net subscriptions. 

BlackRock was the best-performing manager during the month, with US$13 billion in net new cash. Its best-selling fund, the iShares iBoxx $ Hi Yld Corp Bd ETF, attracted approximately US$4 billion in new investor money. The fund provides exposure to a broad range of U.S. high yield corporate bonds and had US$25 billion in assets under management as of May 2020.