U.S. high-yield funds recorded an outflow of $48.3 million for the week ended Oct. 26, according to weekly reporters to Lipper only. This is the third straight week of outflows for a total of $280.7 million in that span.
Positive ETF flows of $177.4 million were more than offset by $225.65 million leaving mutual funds.
With this result, the four-week trailing average dropped to positive $406.9 million, from $921.8 million last week. Despite three straight negative weeks, which were mild in size, a large inflow four weeks ago is keeping the average positive.
The year-to-date total inflow is now $10.9 billion, with 43% ETF-related. A year ago at this juncture, the measure was an inflow of $2.59 billion; $453.5 million mutual fund outflows against ETF inflows of $3.05 billion.
The change due to market conditions this past week was a $104.4 million decrease. Total assets at the end of the observation period were $207.6 billion. ETFs account for about 21% of the total, at $43.98 billion. — Jon Hemingway
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