U.S. loan funds recorded an outflow of $184 million for the week ended July 4, according to Lipper weekly reporters only. This exit snaps a 19-week inflow streak totaling roughly $7.9 billion.
Last week’s exit was driven by a $198.5 million outflow from ETFs, while $14 million flowed into mutual funds.
The year-to-date inflow total dipped modestly to $8.4 billion.
The four-week trailing average narrowed to $198 million, from $349 million last week, marking its twenty-fourth consecutive week in positive territory.
Total assets edged up slightly to $104.45 billion at the end of the observation period, indicating the highest level since the week ended Aug. 20, 2014, when total assets were $104.6 billion.
The change due to market conditions this past week was an increase of $201 million. ETFs represent about 12.6% of total assets, at $13.2 billion. — James Passeri
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.