FYI: U.S. fund flows were weak across the board in May, halting a string of strong months to start 2019. Investors pulled nearly $2 billion from long-term funds (open-end and exchange traded funds) in the worst month since outflows spiked to $91 billion during last December's market turmoil. Perhaps spurred by declining equity markets, investors turned cautious. (The average U.S. large-blend equity fund dropped 6.3% in May.) Money market funds were the primary beneficiaries, collecting about $82 billion as investors fled to safety. It was the group's best showing since last November's $84 billion haul and the second-best over the past 10 years.
Regards,
Ted
https://www.morningstar.com/articles/933569/after-a-strong-start-us-fund-flows-take-a-dive.html
