For EPFR-tracked mutual funds and ETFs, May began much as the previous month ended. Investors again bypassed US and China Equity Funds in favor of ones offering exposure to dividend paying stocks, the ESG theme, European equity and most Bond Fund groups.
The final week of April saw the release of data showing the US economy stalled in the first quarter, new orders for Chinese exporters fell to a five-year low in April and American President Donald Trump’s poll numbers continue to decline.
With the policy swings emanating from US President Donald Trump’s administration continuing to buffet global markets, investor sentiment remained volatile during the third week of April.