Global FlowWatch highlights - January 2023
/Global long-term mutual funds started the year amassing US$105 billion in net new money. The U.S. led with US$43 billion in net new investor money, followed by Cross-Border and Local Europe, with US$29 billion and US$24 billion, respectively. Local Asia attracted US$15 billion in net deposits, while Latin America suffered US$6 billion in net redemptions.
Actively managed funds garnered US$59 billion in net new flows while passive funds accumulated US$92 billion in net deposits. Investors in Local Asia were the largest benefactors of active funds, gathering an aggregate US$49 billion in net new money while investors in U.S. of passive funds garnered US$56 in net deposits. Overall, Bond Funds attracted the most investor demand out of any asset class, with $85 billion in net subscriptions.
JPMorgan was the best-performing manager during the month, with US$39.4 billion in net new cash. Its new best-selling fund is JPMorgan USD Liquidity LVNAV, which garnered US$9.1 billion in new investor money.
