content

Investors Pour $967M into US High Yield Funds

US high yield fund flows

U.S. high-yield funds recorded an inflow of $966.8 million for the week ended Oct. 11, according to weekly reporters to Lipper only. This week’s result is the largest of the current four-week inflow streak and brings the total over that span to $2.9 billion.

ETFs led the way with $847 million, accounting for 88% of the total, while mutual funds recorded their largest inflow in five weeks, at $119.7 million.

With this result, the four-week trailing average rises to $727.7 million, the highest level since the first week of the year, from $462 million last week.

The year-to-date total outflow is $6.37 billion. A $4.52 billion year-to-date inflow for ETFs is far outweighed by $10.9 billion leaving mutual funds so far in 2017.

The change due to market conditions last week was positive $135.3 million, marking the seventh straight increase, the longest run since February. Total assets at the end of the observation period were $215.4 billion. ETFs account for about 25% of the total, at $53.4 billion. — Jon Hemingway

Try LCD for Free! News, analysis, data

Follow LCD News on Twitter.

LCD comps is 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.

Leave a Reply

Comments are moderated and will not appear until the admin has approved them.