Global FlowWatch Highlights - February 2023
/Global long-term mutual funds recorded US$20 billion in net new money. Local Asia led with US$21 billion in net new investor money, followed by Local Europe and Cross-Border, with US$8 billion and US$5 billion, respectively. The U.S. and Latin America suffered US$10 billion and US$5 billion net redemptions, respectively.
Actively managed funds garnered US$21 billion in net new flows while passive funds accumulated US$25 billion in net deposits. Investors in U.S. were the largest benefactors of both active and passive funds, gathering US$29 billion and US$9 billion in net new money, respectively. Overall, Bond funds attracted the most investor demand out of any asset class, with US$56 billion in net subscriptions.
Fidelity Investments was the best-performing manager during the month, with US$34.2 billion in net new cash. Its best-selling fund was FIMM Government, which garnered US$16.2 billion in new investor money.
