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SHY - Fund Investors Remain Cautious In June But Not APs
iShares 1-3 Year Treasury Bond ETF
Photo Source: Jacquelyn Martin/Pool via REUTERS. U.S. President Donald Trump speaks during a news conference in Osaka, Japan, June 29, 2019.
For the second month in a row, investors were net purchasers of mutual fund assets, injecting $20.3 billion into the conventional funds business (excluding ETFs, which are reviewed in the section below) for June. However, the headline numbers were slightly misleading. Fund investors remained risk averse even though the Dow Jones Industrial Average posted its strongest June return since 1938, rising 7.19% for the month. For the fifth month in a row, stock &