Global FlowWatch highlights - December 2021
/Global long-term mutual funds recorded US$143 billion in net new money during the month of December. Local Asia experienced the largest net subscription of any region, with US$75 billion. Cross-Border and Local Europe followed with US$34 billion and US$21 billion of inflows, respectively. The U.S. trailed behind with $14 billion in net deposits. Meanwhile, Latin America experienced an aggregate outflow of US$3 billion.
Passively managed funds garnered US$141 billion in net new flows while active funds lagged, with US$1 billion in net deposits. Passive funds saw the largest demand from investors in the U.S., where US$89 billion in net new money was recorded. Overall, bond funds attracted the most investor demand out of any asset class, with US$92 billion in net subscriptions.
BlackRock was once again the best-performing manager, attracting US$53 billion across its long-term products. The iShare Core S&P 500 ETF was BlackRock’s best-selling fund and attracted US$5 billion in net deposits.
