Global FlowWatch - highlights in June issue
/Global long-term mutual funds suffered US$215 billion in net redemptions during the month of June. The U.S. and Cross-Border saw net redemptions of US$90 billion and US$54 billion, respectively. Local Asia saw net redemptions of US$46 billion, followed by Local Europe and Latin America had a combined net redemptions of US$25 billion.
Actively managed funds suffered US$243 billion in net redemptions while passive funds accumulated US$28 billion in net deposits. Active fund investors in the U.S. took the largest hit with US$118 billion in net redemptions. Overall, bond funds took the largest loss, with US$141 billion in net redemptions.
Federated Group was the best-performing manager during the month, with US$24 billion in net new cash. Its best-selling fund was Federated Hermes Gov Obl Fund, which garnered US$17 billion in new investor money.
