U.S. high-yield funds recorded an outflow of $2.5 billion for the week ended Aug. 3, according to the weekly reporters to Lipper only. This was the second straight net outflow, following the $175 million redemption last week, after three weeks of inflows prior to that totaling $6.5 billion.
Most notable, however, is that the outflow was $2.3 billion from the ETF segment, the largest on record, trailing the prior record of $2.2 billion in the week ended May 6, 2015.
The big outflow lowers the trailing four-week figure to positive $508 million per week, from positive $1.6 billion last week—the largest in 18 weeks at the time.
The year-to-date total inflow is now $7.1 billion, with 20% ETF-related. A year ago at this juncture, the measure was an outflow of $352 million, with 98% ETF-related.
The change due to market conditions this past week was negative $283 million, which is negligible against the $195.7 billion of total assets at the end of the observation period. The ETFs account for about 20% of the total, at $39.3 billion. — Matt Fuller
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