A total of 1,292 new funds were launched in Q2 2019 locally in Asia and Europe as well as in the form of cross-border products. The newly introduced funds gathered a total of US$82.2 billion in net sales through the second quarter of 2019.
There were 87 ETFs launched during Q2 2019, 57 of which were launched in Asia, 30 of which were cross-border and seven of which were European launches.
Asia continued its consecutive decrease in market share to 45% in Q2 2019, as cross-border funds significantly increased market share.
Over the course of Q2, cross-border surpassed Asia and Europe for the third time since 2014, recording a record high average inflow, at US$117 million per fund, more than doubling the number witnessed in Asia and Europe.
Bond products attracted the largest absolute net flows, at US$33 billion, followed by mixed and equity asset class, with each gathering US$20 billion and US$19 billion, respectively, in Q2 2019.
• There were 837 new funds launched in Asia in the Q2 2019 period, gathering $46.8 billion in new investor money Bond funds attracted the largest absolute inflows, at $17.7 billion, with the most funds, at 221, launched in the period.
• New fund sales in European and cross-border funds totaled $47.5 billion in Q2 2019. Bond funds surpassed equity products, attracting the most net sales flows of $15.5 billion through 123 new funds launched over the period. Equity funds launched the most funds, at 166, and collected $12.2 billion in net sales. Mixed funds generated the third-largest cash inflows, at $12.6 billion, during the second quarter.