Global FlowWatch Highlights - April 2022
/Global long-term mutual funds suffered US$111 billion in net redemptions during the month of April. The U.S. and Cross-Border saw net redemptions of US$162.5 billion and US$24 billion, respectively. Local Asia gained US$43 billion in net new money, followed by Latin America and Local Europe, US$24 billion and US$7.7 billion, respectively.
Actively managed funds suffered US$152 billion in net redemptions while passive funds accumulated US$41 billion in net deposits. Active fund investors in the U.S. took the largest hit with US$169.7 billion in net redemptions. Overall, active bond funds took the largest loss, with US$74 billion in net redemptions.
Invesco was the best-performing manager during the month, with US$9 billion in net new cash. Its best-selling fund was Invesco Govt & Agency, which garnered US$14.7 billion in new investor money.
