Global long-term mutual funds experienced aggregate net redemptions of US$25 billion. The U.S. and Local Europe were the only regions to post positive flows, with approximately US$15 billion and US$2 billion in net deposits, respectively.
Meanwhile, Local Asia saw the largest aggregate redemption of any region, with US$30 billion in net outflows. Crossborder and Latin America followed, with combined outflows of US$12 billion.
Passively managed funds collected US$59 billion in new investor money, while active funds experienced outflows of US$84 billion. Investors in the U.S. were the largest benefactors of passive funds, with US$41 billion in aggregate contributions. Globally, equity funds, were the overall best-selling asset class, with US$15 billion in net subscriptions.
Vanguard was the best-performing manager during the month, with US$20 billion in net new cash. About 47% of Vanguard’s aggregate flows were due to its best-selling funds; the Vanguard 500 Index and the Vanguard Total International Stock Index, which attracted US$5 billion and US$4 billion in new investor money, respectively. Vanguard has about US$5.4 trillion in assets under management as of September 2018.