FYI:
.Total long-term flows were negative across the board for the two weeks ended June 12, although equities experienced more severe outflows.
.Total equity outflows stood at $5.5 billion, with the outflows much larger in the second week. Domestic equities largely bore the brunt of outflows, experiencing negative flows of $4.5 billion.
.At the same time, bonds saw negative flows in the week ended June 5, but experienced inflows of $3.4 billion in the following week. Taxable and investment grade bonds were among the biggest losers.
.The U.S. Federal Reserve kept interest rates unchanged this month but signaled plans to make a cut early next year, as it seeks to sustain growth amid a trade war between the U.S. and China. Although expectations for a June cut were low, economists had predicted one in July.
.As expected, Bank of Japan left interest rates unchanged at minus 0.1% and pledged to guide 10-year government bond yields around zero percent.
.The U.K. central bank kept its monetary policy steady amid renewed Brexit fears as Boris Johnson, a fierce Brexiteer who promised to take the country out of the union with or without a deal, is the favorite to win the race to become the next Prime Minister. The central bank kept its main interest rate firm at 0.75%, saying a mix of Brexit tensions and global trade jitters was negatively impacting growth.
.U.S. consumer price index (CPI) rose 0.1% in May, triggering further speculation that the Federal Reserve will raise interest rates to sustain inflation. For the 12 months ended in May, CPI advanced 1.8% compared with 1.9% in April. Core CPI came in at 2% in May versus 2.1% in April.
.U.S. retail sales advanced 0.5% last month, largely in line with what economists had expected. Meanwhile, April data was revised up to 0.3% from 0.2% previously.
.U.K. annual inflation declined to 2% in May from 2.1% in the prior month, hitting Bank of England’s target. The decline was driven by a drop in airfare prices and slower housing growth.
Regards,
Ted
https://mutualfunds.com/news/2019/06/25/mutual-funds-scorecard-june-25-2019/ 
