Loan mutual fund AUM continued to decline,
ending May at US$137bn

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Loan retail outflows sent the AUM (market value) for loan mutual funds & ETFs lower to US$137.7bn as of the end of May, a decline of US$1.92bn or -1.4% month on month, and US$9.9bn or -7% since the beginning of the year.  Loan funds’ AUM peaked in September 2018 at US$175.5bn and has been steadily declining for the last 9 consecutive months