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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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This story is taken from analysis which 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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