Global FlowWatch - Highlights July 2022
/Global long-term mutual funds suffered US$45 billion in net redemptions during the month of July. Cross-Border and the U.S. saw net redemptions of US$30 billion and US$25 billion, respectively. Latin America saw net redemptions of US$3.9 billion. Local Asia and Local Europe garnered US$11 billion and US$3 billion in net new money, respectively.
Actively managed funds suffered US$92 billion in net redemptions, while passive funds accumulated US$46 billion in net deposits. Active fund investors in the U.S. took the largest hit with US$71 billion in net redemptions. Overall, bond funds were the only asset class that increased in net deposits, with US$3.2 billion in net subscriptions.
Goldman Sachs was the best-performing manager during the month, with US$20 billion in net new cash. Its best-selling fund was GS FnclSq Govt, which garnered US$13 billion in new investor money.
