Global FlowWatch - August 2021 Highlights

Global long-term mutual funds recorded US$223 billion in net new money during the month of August. The U.S. led with US$104 billion in net flows, followed by Local Asia and Cross-Border, with US$48 billion and US$46 billion, respectively. Local Europe and Latin America took in an aggregate US$23 billion in net deposits.

Actively managed funds garnered US$118 billion in net new flows while passive funds accumulated US$104 billion in net deposits. Investors in Local Asia were the largest benefactors of active funds, gathering an aggregate US$37 billion in net new money. Overall, bond funds attracted the most investor demand out of any asset class, with US$91 billion in net subscriptions.

BlackRock attracted US$31 billion in net new cash through its long-term offerings, making it the best-selling manager during the month. It's best-selling fund was iShares iBoxx $ Investment Grade Corporate Bond ETF which attracted US$2 billion in net deposits.
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