U.S. leveraged loan funds recorded an inflow of $548.4 million in the week ended Jan. 18, according to the Lipper weekly reporters only. This is the tenth straight week of inflows for a total of $10.6 billion over that span.
That said, this is the lightest inflow in seven weeks and the four-week trailing average dipped to less than $1 billion for the first time in six weeks, at $917.2 million.
ETF flows accounted for just $57.3 million of the total, or 10%, its smallest share in nine weeks.
Leveraged loan funds in 2016 recorded inflows of $6.25 billion, based on inflows of $1.26 billion to mutual funds and $4.99 billion to ETFs, according to Lipper.
Loan funds surged in the second half of last year. Inflows were recorded in 23 of the last 26 weeks for a total inflow of $11.82 billion over that span. In the first 26 weeks of 2016, the cumulative outflow was $5.565 billion, with 18 negative weeks against just eight positive readings.
In total, inflows were recorded in 31 of 52 weeks last year.
The change due to market conditions this past week was positive $60.7 million. Total assets were $83.05 billion at the end of the observation period. ETFs represent about 18% of the total, at $15.31 billion. — Jon Hemingway
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.