Global FlowWatch highlights - September 2022
/Global long-term mutual funds suffered US$248 billion in net redemptions during the month of September. The U.S. and Cross-Border saw net redemptions of US$107 billion and US$62 billion, respectively. Local Asia and Local Europe saw combined net redemptions of US$77 billion, followed by Latin America with net redemptions of US$1.6 billion.
Actively managed funds suffered US$382 billion in net redemptions and passive funds suffered US$13 billion in net redemptions. Active fund investors in Local Asia took the largest hit with US$150 billion in net redemptions. Overall, Money Market funds took the largest loss, with US$148 billion in net redemptions.
Schwab was the best-performing manager during the month, with US$19.6 billion in net new cash. Its best-selling fund was Schwab Value Advantage Money, which garnered US$13.8 billion in new investor money.
