Bond funds in demand - Global FlowWatch - November 2019 Results

Global long-term mutual funds recorded US$110 billion in net new money during the month of November. Crossborder led with US$37 billion, followed by the U.S. and Local Asia, with US$36 billion and US$26 billion in net flows, respectively. Latin America and Local Europe experienced a combined US$10 billion in net deposits. 

Actively managed funds garnered US$18 billion while passive funds accumulated US$91 billion in net deposits. International investors were the largest benefactors of active funds, gathering an aggregate US$17 billion in net new money. Overall, bond funds attracted the most investor demand out of any asset class, with US$74 billion in net subscriptions. 

BlackRock was the best-performing manager during the month, with US$28 billion in net new cash. Its best-selling fund, the iShares Core MSCI EAFE ETF, attracted approximately US$3 billion in new investor money. The fund tracks the MSCI EAFE Investable Market Index, which measures the performance of large, mid, and small-cap stocks in Europe, Australia, and Asia.