U.S. Core Quarterly & Monthly Reports - October 2021 Highlights
/Active long-term funds have continued to garner positive demand in recent months but at a decelerating pace. They gathered inflows of US$6.1 billion in October, down from US$11.2 billion in the prior month and representing the lowest monthly total for 2021.
Passive funds conversely rebounded to their strongest monthly inflows since April. Net deposits increased to US$78.7 billion in October from US$49.5 billion in September. ETFs accounted for an overwhelming portion of this demand for the month at US$69.4 billion as mutual funds gathered net commitments of US$9.3 billion
With continued positive flows across both active and passive funds, long-term net inflows across 2021 crossed US$1 trillion in October. This total surpasses the annual totals of all preceding years. 2017 had held the record with net deposits of US$713.6 billion.
While money market funds have witnessed significant inflows across the course of 2021 at US$201.7 billion and have done so alongside record-setting long-term demand, these instruments often record wide swings in demand on a month-to-month basis. October inflows totalled US$11.4 billion, up from the US$1.9 billion captured last month.
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