FYI: Concerns over global growth, the threat of Federal Reserve Board tightening,
and the “Brexit” vote kept investors on the defensive during Q2 2016. Oil prices
generally continued their trek upward, while gold got a boost as a safe-haven
play for investors. Despite the United Kingdom’s officially seceding from the
European Union toward the end of June, a few of the major U.S. indices managed
to claw their way back into positive territory for the month. Total net assets (TNA)
in the conventional funds business (not including exchange-traded products
[ETPs] and variable insurance products [VIPs]) remained above the $15-trillion
mark for Q2, rising $211 billion from Q1 2016.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2016/07/Mutual-Funds-and-ETF-Snapshot-Q2-2016.pdf
