Global FlowWatch - October 2021 Highlights
/Global long-term mutual funds recorded US$160 billion in net new money during the month of October. The U.S. experienced the largest net subscription of any region, with US$82 billion. Local Asia and Cross-Border followed with US$35 billion and US$30 billion of inflows, respectively. Local Europe and Latin America attracted a combined US$14 billion in aggregate net deposits.
Passive funds garnered US$124 billion in net new flows while actively managed funds lagged, with US$36 billion in net deposits. Passive funds saw the largest demand from investors in the U.S. where an aggregate US$89 billion in net new money was recorded. Overall, equity funds attracted the most investor demand out of any asset class, with US$84 billion in net subscriptions.
BlackRock was the best-performing manager in October, attracting US$35 billion across its long-term products. The iShares S&P 500 ETF was BlackRock’s best-selling fund and attracted nearly US$10 billion in net deposits.
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