Long-term mutual funds recorded their smallest monthly intake year to date, with $14.1B in new assets. Among the broad asset classes, taxable-bond funds showed the greatest decline from April inflows of $16.9B to $7.7B in May, and U.S-stock funds saw their 13th consecutive month of outflows.
The market is hovering around flatline ahead of the most highly anticipated Federal Reserve meeting of the year. …