In July, investors deposited a net US$113 billion (excluding pre-existing funds in China) into long-term funds globally, bringing aggregate net flows to US$903 billion year-to-date.
All major asset classes recorded net inflows in July with mixed and multi-asset funds leading the way with US$47 billion, closely followed by equity products at US$42 billion. 'Others' investments and bond strategies also gained about US$16 billion and US$7 billion, respectively, during the month.
At the regional level, Asia captured the most inflows with US$60 billion (largely from new launches in China) or more than half of global flows. Cross-border added US$24 billion, while Europe attracted US$20 billion in net long-term fund flows. Furthermore, the U.S. garnered US$8 billion, and Canada US$4 billion in net new money in July. Meanwhile, Latin America experienced US$2 billion in net redemptions for the month.