Globally, long-term mutual funds attracted US$87 billion in net flows during August. Bond products led all major asset classes for the sixth month in a row by gathering US$73 billion in net subscriptions. Mixed and 'other' vehicles added US$33 billion in net new investor money, collectively. On the contrary, equity funds suffered over US$19 billion in net redemptions during the month, making it the fifth consecutive month of net outflows since March 2016.
At the regional level, Local Asia (excluding existing funds in China, which report assets on a quarterly basis) attracted the greatest amount of new investor money totalling US$26 billion in net contributions. The U.S. and Cross-border regions followed closely with US$25 billion and US$22 billion respectively, while Local Europe and Canada saw inflows of over US$15 billion combined. Meanwhile, Latin America experienced net outflows of US$1 billion for the month.