Photo Source: REUTERS/Brendan McDermid. Traders work, as a screen shows Federal Reserve Chairman Jerome Powell's news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange, October 30, 2019.
For the sixth month in a row, investors were net purchasers of mutual fund assets, injecting $56.9 billion into the conventional funds business (excluding ETFs, which are reviewed in the section below) for October. However, the headline number was once again misleading. During the month, investors took a risk-on stance in hopes of a trade truce between China