Global FlowWatch Highlights - May 2022
/Global long-term mutual funds suffered US$87 billion in net redemptions during the month of May. The U.S. and Cross-Border saw net redemptions of US$55 billion and US$34 billion, respectively, while Local Europe and Latin America saw net redemptions of 10 billion combined. Local Asia gained US$12 billion in net new money.
Actively managed funds suffered US$171 billion in net redemptions while passive funds accumulated $84 billion in net deposits. Active fund investors in the U.S. took the largest hit with US$131 billion in net redemptions. Overall, bond funds took the largest loss, with US$99 billion in net redemptions.
BlackRock was the best-performing manager during the month, with US$37 billion in net new cash. Its best-selling fund was BlackRock ICS US Dollar Liquidity Fund, which garnered US$9.2 billion in new investor money.
