BlackRock best performer - Global FlowWatch Series - December 2019

Global long-term mutual funds recorded US$148 billion in net new money during the month of December. Local Asia led with US$56 billion in net flows, followed by Crossborder and the U.S., with US$36 billion and US$22 billion, respectively. Latin America and Local Europe experienced an aggregate US$32 billion in net deposits.

Actively managed funds garnered US$41 billion while passive funds accumulated US$106 billion in net deposits. Investors in Local Asia were the largest benefactors of active funds, gathering an aggregate US$40 billion in net new money. This, however, was primarily offset by US$37 billion redeemed from active funds by U.S. investors. Overall, bond funds attracted the most investor demand out of any asset class, with US$119 billion in net subscriptions. 

BlackRock was the best-performing manager during the month, with US$31 billion in net new cash. Its best-selling fund, the iShares Core US Aggregate Bd ETF, attracted approximately US$2 billion in new investor money. The fund provides exposure to U.S. investment-grade bonds and had US$69 billion in assets under management as of December 2019.