Global FlowWatch highlights - August 2022
/Global long-term mutual funds recorded US$3.6 billion in net new money during the month of August. Local Asia led with US$23 billion in net new investor money, followed by Latin America with US$1.9 billion. Cross-Border and the U.S. suffered US$12 billion and US$9 billion in net redemptions, respectively. Local Europe suffered US$310 million in net redemptions.
Actively managed funds suffered US$42 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$45 billion in net redemptions. Overall, bond funds attracted the most investor demand out of any asset class, with US$42 billion in net subscriptions.
Schwab was the best-performing manager during the month, with US$22.6 billion in net new cash. Its best-selling fund was Schwab Value Advantage Money, which garnered US$13.5 billion in new investor.
