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After 19 Weeks and $8B, US Investors Take Pause from Leveraged Loan mart

US loan funds

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

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