Net investment fund flows of selected asset managers in the U.S. Q1 2020
In the first quarter of 2020, over 48.5 billion U.S. dollars went into Vanguard's investment funds, while Blackrock's net investment fund flows amounted up to only ten billion U.S. dollars. Banks, which are more known to follow the traditional approach and use robo-advisor services less, reported significant net outflows from their investment funds. For example, Deutsche Bank's net investment fund outflows equaled to 99 million U.S dollars at that time.
