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Risk-off: US High Yield Bond Funds See $2.2B Cash Withdrawal

US high yield bond flows
U.S. high-yield funds recorded an outflow of $2.2 billion for the week ended Aug. 16, according to weekly reporters to Lipper only. This comes on the heels of last week’s $123 million inflow.

ETFs accounted for the bulk of the outflow this week, with an exit of $1.25 billion, while mutual funds saw an outflow of $935 million.

The year-to-date total outflow is now $8.5 billion, including a roughly $9.6 billion outflow from mutual funds and $1 billion inflow to ETFs.

The four-week trailing average dipped into negative territory, after two consecutive weeks in the black, falling to negative $473 million, from positive $630 million last week.

The change due to market conditions this past week was a decrease of $346 million. Total assets at the end of the observation period were $207.8 billion. ETFs account for about 23.5% of the total, at $48.9 billion. — James Passeri

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US High Yield Funds See $2.2B Investor Cash Inflow

U.S. high-yield funds recorded an inflow of $2.2 billion for the week ended July 19, the largest such inflow since the week ended April 5, when the total was $2.4 billion, according to weekly reporters to Lipper only.

US high yield fund flows

This inflow snaps four straight weeks of outflows from the asset class for a total outflow of $4.2 billion over that period.

ETFs made up the bulk of the inflow this week, at $2 billion. The $200 million inflow to mutual funds follows last week’s exit of $1.4 billion.

The four-week trailing average remains in negative territory for the fourth consecutive week, rising to negative $453 million, from negative $1 billion last week.

The year-to-date total outflow is $6.6 billion, with a $8.3 million outflow from mutual funds outweighing a $1.7 billion inflow to ETFs.

The change due to market conditions this past week was an increase of $1.3 billion. Total assets were $210 billion at the end of the observation period. ETFs represent about 24% of the total, at $49.7 billion. — James Passeri

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US High Yield Funds See Yet Another $1B-plus Investor Withdrawal


US high yield fund flows

U.S. high-yield funds recorded an outflow of $1.1 billion for the week ended July 12, according to weekly reporters to Lipper only. This is the fourth straight week of outflows from the asset class for a total of $4.2 billion over that period.

Mutual funds led the exit this week, with outflows of $1.4 billion outweighing inflows into ETFs of $276 million, following last week’s exit of $184 million from ETFs.

The four-week trailing average remains in negative territory for the third consecutive week, dipping to $1 billion, from $705 million last week.

The year-to-date total outflow is $8.9 billion, with an $8.5 billion outflow from mutual funds and a $319 million exit from ETFs.

The change due to market conditions this past week was an decrease of $33.9 million. Total assets at the end of the observation period were $206.3 billion. ETFs account for about 23% of the total, at $47.3 billion. — James Passeri

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Investors Withdraw $1.1B from US High Yield Funds

US high yield fund flows

U.S. high-yield funds recorded an outflow of $1.2 billion for the week ended July 5, according to weekly reporters to Lipper only. This is the third straight week of outflows from the asset class for a total of $3 billion over that period.

Mutual funds made up the bulk of the outflow this week, at $972 million, following last week’s exit of $1.2 billion. The $184 million outflow from ETFs follows an outflow of $536 million last week.

The trailing four-week average remains in negative territory for the second consecutive week, deepening to negative $705 million from negative $270 million last week.

The year-to-date total outflow is now $7.7 billion, split between outflows of $7.1 billion from mutual funds and $595 million from ETFs.

The change due to market conditions this past week was an increase of $521.5 million. Total assets at the end of the observation period were $207.8 billion. ETFs account for about 22.6% of the total, at $47.1 billion. — James Passeri

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US High Yield Bond Funds See $128M Cash Withdrawal

U.S. high yield funds saw a net $128 million withdrawal the week ended June 21, ending three weeks of inflows into the asset class totaling $1.3 billion, according to Lipper weekly reporters.

US high yield fund flows

ETFs accounted for $82 million of this week’s withdrawal while high yield funds lost $46 million. Despite the dip, the four-week average rises to a $294 million net inflow, as a $567 million withdrawal the week ended May 24 rolls off this metric.

Year to date, U.S high-yield funds have seen a net $4.8 billion withdrawal, with ETFs seeing a small, $124 million net gain.

The change due to market conditions was a hefty $1.3 billion decline this week. Total assets at the end of the observation period were $207.9 billion, $46.7 billion via ETFs. — Staff reports

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US High Yield Bond Funds, ETFs see $586M Investor Cash Inflow

U.S. high-yield funds recorded an inflow of $586 million for the week ended June 7, according to weekly reporters to Lipper only. This is the second straight week of inflows into the asset class for a total of $1.1 billion over that period.

US high yield fund flows

Mutual funds made up the bulk of the inflow this week, at $355 million, while $231 million flowed into ETFs. That compares to last week’s exit of $617 million from mutual funds against a $1.1 billion inflow into ETFs.

The year-to-date total outflow is now $4.9 billion, reflecting a $4.8 billion exodus from mutual funds and an $85 million exit from ETFs.

The four-week trailing average is now in positive territory, after being in the red for five straight weeks, climbing to positive $297 million from negative $280.5 million last week.

The change due to market conditions this past week was a rise of $154 million, making four consecutive weeks in the black. Total assets at the end of the observation period were $207 billion. ETFs account for about 23% of the total, at $47.6 billion. — James Passeri

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Investors Pour $521M into US High Yield Bond Funds

US high yield fund flows

U.S. high-yield funds recorded an inflow of $521 million for the week ended May 31, according to weekly reporters to Lipper only.

A $1.1 billion inflow into ETFs outweighed a $617 million exit from mutual funds. It was the third straight week of outflows for mutual funds.

The four-week trailing average remains in negative territory, narrowing to negative $280 million from negative $507 million last week.

The year-to-date total outflow is now $5.5 billion, reflecting outflows of $5.2 billion from mutual funds and $316 million from mutual funds.

The change due to market conditions this past week was a increase of $623 million. Total assets at the end of the observation period were $206.2 billion. ETFs account for about 23% of the total, at $47.3 billion. — James Passeri

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Investors Withdraw $568M from US High Yield Bond Funds

U.S. high-yield funds recorded an outflow of $568 million for the week ended May 24, according to weekly reporters to Lipper only. This week’s exit from the asset class follows last week’s inflow of $649.5 million.

US high yield fund flows

ETFs made up the bulk of the outflow this week at $347 million, while $221 million was pulled out of mutual funds.

The year-to-date total outflow is now just over $6 billion, with a $4.6 billion outflow from mutual funds pairing with a $1.45 billion exit from ETFs.

The four-week trailing average remains in negative territory for the fourth straight week, widening to negative $507 million from negative $292 million last week.

The change due to market conditions this past week was an increase of $597 million. Total assets at the end of the observation period were $205 billion. ETFs account for about 22% of the total, at $46.1 billion. — James Passeri

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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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High Yield Bond ETFs See $1.7B Investor Cash Withdrawal

U.S. high-yield funds recorded an outflow of $1.7 billion for the week ended May 10, according to weekly reporters to Lipper only, marking the largest outflow since the week ended March 15, when the outflow from the asset class totaled $5.7 billion.

high yield fund flowsThis week’s result was entirely driven by a $1.7 billion outflow from ETFs, while mutual funds recorded a small inflow of $18 million.

The year-to-date total outflow is now $6.1 billion, reflecting a $4.3 billion outflow from mutual funds added to a $1.8 billion exit from ETFs.

The four-week trailing average dropped to negative $545 million from negative $201 million last week.

The change due to market conditions this past week was a decline of $111 million. Total assets at the end of the observation period were $204 billion. ETFs account for about 22% of the total, at $45.5 billion. — James Passeri

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