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After Big Retreat, Investors Pour $650M into US High Yield Funds

U.S. high-yield funds recorded an inflow of $649.5 million for the week ended May 17, according to weekly reporters to Lipper only. The gain snaps two consecutive weeks of outflows, which totaled $2.1 billion over the period.

US high yield fund flows

ETFs drove the inflows this week, pulling in $687.5 million, while mutual funds reported an outflow of $38 million. This marks a reversal from last week’s $1.7 billion outflow from ETFs and an $18 million inflow into mutual funds.

The four-week trailing average remains in negative territory, rising to negative $292 million, from negative $545 million last week.

The year-to-date total outflows from high-yield funds is now $5.4 billion, with a $4.3 billion exit from mutual funds and a $1.1 billion outflow from ETFs over the period.

The change due to market conditions this past week was an increase of $286 million. Total assets at the end of the observation period were $206.6 billion. ETFs account for about 22% of the total, at $46.3 billion. — James Passeri

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This story first appeared on www.lcdcomps.com, an offering of S&P Global Market Intelligence. LCD’s subscription site offers complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD here.

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