U.S. high-yield funds recorded an outflow of roughly $3.1 billion for the week ended Jan. 17, according to weekly reporters to Lipper only.
This week’s outflow follows an inflow of $2.65 billion last week, and puts the total outflow so far this year at about $238 million.
ETFs accounted for roughly $2 billion of this week’s outflow, while $1.1 billion exited mutual funds.
The four-week trailing average swung to negative $120 million, from positive $371 million last week.
The change due to market conditions this past week was an increase of $316 million. Total assets at the end of the observation period were $208.8 billion. ETFs account for about 24% of the total, at $50.8 billion. — James Passeri
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