Welcome and thank you for standing by. At this time, all participants are in a listen-only mode. (Operator Instructions). Now, I will turn the meeting over to Mr. Tony Takazawa. Sir, you may begin.
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
As economic concerns weighed, taxable-bond funds were the strongest asset gainers in May , but their inflows were only about half what they were the prior month, says Morningstar's Kevin McDevitt.