In challenging markets, mass retail firms face greater pressure on fund flows
Amid uncertain economic conditions, allocations are shifting away from equity funds and into fixed-income products
Plus, RBC iShares launches five thematic funds
Cash-like funds still dominated but National Bank noted a shift in risk sentiment last month
Katie Klingensmith of Brandywine Global Asset Management offers her view of the bond market at the halfway point of 2023
Fixed income funds led again, this time with a preference for longer duration
The new funds offer exposure to investment-grade U.S. corporate bonds and Treasury bonds
The backdrop is depressing but managers can still find positive returns
The new funds invest in energy, alternative health and fixed income securities
One bond fund is being terminated and merged into an existing fund