Global FlowWatch highlights - September 2021

Global long-term mutual funds recorded US$201 billion in net new money during the month of September. The U.S. experienced the largest net subscription of any region, with US$73 billion. Local Asia and Cross-Border followed with US$53 billion and US$36 billion of inflows, respectively. Local Europe and Latin America attracted a combined US$38 billion in aggregate net deposits.

Actively managed funds garnered US$102 billion in net new flows while passive funds lagged slightly, with US$98 billion in net deposits. Active funds saw the largest demand from investors in Local Asia where an aggregate US$37 billion in net new money was recorded. Overall, bond funds attracted the most investor demand out of any asset class, with US$74 billion in net subscriptions.

BlackRock was the best-performing manager in September, attracting US$21 billion across its long-term products. The iShares US Real Estate ETF was BlackRock’s best-selling fund and attracted US$2 billion in net deposits