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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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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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