Picture Source: REUTERS/Eduardo Munoz. A trader looks at screens as he works on the floor at the New York Stock Exchange, August 13, 2019.
For the fourth month in a row, investors were net purchasers of mutual fund assets, injecting $64.9 billion into the conventional funds business (excluding ETFs, which are reviewed in the section below) for August. However, the headline number was once again misleading. Fund investors remained risk averse as market volatility increased, with wild swings in both directions and deteriorating trade negotiations between China and the U.S. For the seventh month in