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Investors Pour $1.2B Into US High Yield Bond Funds

U.S. high-yield funds recorded an inflow of $1.2 billion in the week ended April 6, according to Lipper. The positive flow figure wipes out last week's $545 million outflow, and it's the seventh net one-week inflow over the past eight weeks, for positive $14 billion over that span.

high yield bond flows

The influence of ETFs was just 28% this past week, or $333 million of the infusion. In contrast, the ETF influence of last week's outflow was all-encompassing, at negative $596 million, against a tiny inflow of $51 million to mutual funds, or inverse 109%. Whatever that might suggest about fast money, market timing, and hedging strategies, it's dissipated this past week.

Still, the year-to-date inflow figure of $8.9 billion remains ETF-heavy, at 47% of the sum. Last year at this juncture, the net inflow was $10.7 billion, with 45% linked to the ETF segment. The four-week-trailing average shrank to positive $1.1 billion per week, from positive $1.3 billion last week and positive $2.6 billion two weeks ago.

The change due to market conditions this past week was positive $1.2 billion, representing a gain of roughly 0.6% against total assets, which were $186.9 billion at the end of the observation period. ETFs account for about 21% of the total, at $39.9 billion. — Matt Fuller

Follow Matthew on Twitter @mfuller2009 for leveraged debt deal-flow, fund-flow, trading new, and more.

This story first appeared on www.lcdcomps.com, LCD’s subscription site offering 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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