BlackRock best performer for the month - Global FlowWatch - October 2019

Global long-term mutual funds recorded US$70 billion in net new flows during the month of October. International led with US$35 billion, followed by the U.S. and Local Asia with US$15 and US$12 billion, respectively. Local Europe and Latin America trailed with a combined US$7 billion in net subscriptions.

In October, passively managed funds attracted US$69 billion, or 98%, of global net deposits. International investors were the largest benefactors of active funds, contributing an aggregate US$16 billion in new money. Overall, bond funds attracted the most investor demand out of any asset class, with US$70 billion in sales.

BlackRock was the best-performing manager during October, with US$19 billion in net new cash. Nearly 8% of BlackRock’s aggregate flows were due to its best-selling fund, the iShares Edge MSCI MinVol USA ETF, which attracted approximately US$2 billion in new investor money. The fund tracks the MSCI USA Minimum Volatility (US) Index which offers exposure to large and mid-cap U.S. equities that have lower volatility characteristics than the broader market.