Negative returns contributed to a dip of 1.6% in assets under management (AuM) in global investment funds in October.
AuM fell to $36.77 trillion, according to data provider Lipper, despite net inflows of $40.9 billion in the month.
However, on a year-to-date basis assets increased by $1.77 trillion, or 5.1%.
All asset types posted losses last month, with bond funds and mixed-asset funds losing on average 1.5% and 1.6%, respectively, and negatively performing markets saw a further $644.2 billion wiped off global AuM.
However, on a year-to-date basis, all asset types posted positive returns, with commodity funds leading at 8.9%, followed by bond funds and mixed-asset funds, with 6.3% and 5.9% returns on average.
Equity funds were by far the worst performing asset class in terms of sales in October, seeing $12.7 billion of outflows.
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