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Investor Cash to US Leveraged Loan Funds Picks Up Steam; Streak at 27 Weeks

US loan fund flows

U.S. loan funds recorded an inflow of $332 million for the week ended May 17, according to Lipper weekly reporters only. This marks the twenty-seventh consecutive inflow since the week ended Nov. 16, for a total of $21.6 billion over that span.

Mutual funds made up the bulk of this week’s haul, pulling in $225 million while $107 million flowed into ETFs.

The four-week trailing average climbed moderately, rising to positive $262 million, from $221 million last week.

Year-to-date inflows from leveraged loan funds now total $13.8 billion, based on inflows of $9.9 billion to mutual funds and inflows of $3.8 billion to ETFs, according to Lipper.

Total assets were $96.4 billion at the end of the observation period, reaching the highest level since November 2014. ETFs represent about 19% of the total, at $18.3 billion.

The change due to market conditions this past week was positive $25 million, marking the fourth consecutive week of increases. — James Passeri

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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.

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