Globally, long-term mutual funds attracted US$34 billion in net flows during October 2016, bringing aggregate year-to-date net deposits to US$522 billion. Bond and mixed vehicles added a collective US$48 billion in net subscriptions. By comparison, equity funds suffered over US$26 billion in net redemptions during the month, marking their seventh 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$14 billion, followed by local Europe and cross-border regions with US$10 billion and US$6 billion, respectively. The U.S. and Canada also garnered combined inflows of US$5 billion in October. At the other end of the spectrum, Latin America was the only region to experience net withdrawals for the month, totalling a slight US$100 million in net redemptions.