The trade deficit narrowed in May to US$3.28b from US$3.50b in April, better than consensus expectation of US$3.74b. Exports grew 1% YoY to US$6.15b on higher electronics shipments while imports fell 5.4% YoY to US$9.43b due partly to high-base effect. January-May 2019 trade deficit was US$16.5b.
Short Term Bond Fund
Invest in a portfolio of short-term securities and money market