U.S. leveraged loan funds recorded an inflow of $1.76 billion in the week ended Dec. 7, according to the Lipper weekly reporters only. This is the largest single-week inflow since August 2013 and follows a $1.12 billion inflow from two weeks ago.
Despite a weak start to 2016, flows have been solidly positive in the second half of year, and particularly in recent weeks. The three largest inflows of the year have been recorded in the last four weeks. The weekly average over that span is $971.2 million, up from $519.7 million last week.
Inflows have now been recorded in 28 of 49 weeks this year.
ETF flows were a record high $559.9 million of the total this week, or 32%, while $1.2 billion flowed into mutual funds.
Year-to-date inflows to leveraged loan funds are $2.31 billion, based on outflows of $1.28 billion from mutual funds against inflows of $3.59 billion to ETFs, according to Lipper.
The change due to market conditions this past week was positive $343.8 million, the highest since the week ended July 13. Total assets were $75.5 billion at the end of the observation period. ETFs represent about 17% of the total, at $12.8 billion. — Jon Hemingway
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