Globally, long-term mutual funds attracted US$105 billion in net flows during September 2016, bringing aggregate year-to-date net deposits to US$485 billion. Bond products led all major asset classes for the seventh month in a row by gathering US$70 billion in net new cash, while mixed and “other” vehicles added a collective US$45 billion in net subscriptions. By comparison, equity funds suffered over $8 billion in net redemptions during the month, marking its sixth consecutive month of net outflows since March of this year.
At the regional level, local Asia attracted the greatest amount of net new investor money with over US$60 billion, followed by local Europe and cross-border regions with US$18 billion and US$16 billion, respectively. The U.S. and Canada also garnered combined inflows of US$11 billion in September. At the other end of the spectrum, Latin America was the only region to experience net withdrawals for the month, totalling a moderate US$100 million in net redemptions.