Autif figures down, but some trends positive

Initial readings of the latest monthly Autif data over retail sales of unit trusts shows that demand is holding up surprisingly well, even allowing for the seasonal slump associated with the ending of the fiscal year in the first week of April. Net retail sales in May were up around 10% on the same period last year. In terms of sectors, Japanese trusts experienced an net outflow of funds, as did global emerging markets. Latin American trusts attracted new money, but events through June may have reversed that trend - although the figures just cover May. North American...