Global FlowWatch highlights - November 2021
/Global long-term mutual funds recorded US$156 billion in net new money during the month of November. The U.S. experienced the largest net subscription of any region, with US$57 billion. Local Asia and Cross-Border followed with US$40 billion and US$28 billion of inflows, respectively. Local Europe and Latin America attracted a combined US$32 billion in aggregate net deposits.
Passively managed funds garnered US$107 billion in net new flows while active funds lagged, with US$50 billion in net deposits. Passive funds saw the largest demand from investors in the U.S., where an aggregate US$75 billion in net new money was recorded. Overall, bond funds attracted the most investor demand out of any asset class, with US$56 billion in net subscriptions.
BlackRock was the best-performing manager in November, attracting US$32 billion across its long-term products. The iShare Core S&P 500 ETF was BlackRock’s best-selling fund and attracted US$4 billion in net deposits.
