U.S. high yield funds saw their third straight inflow this week, with investors pouring $645 million into the asset class, according to Lipper.
The three-week run totals nearly $2 billion. With this week’s activity, the four-week trailing average holds at $462 million. As has been the case in previous weeks, ETFs did the heavy lifting this time around, with $619 million of inflows this week; high yield funds proper saw $26 million of inflows.
The overall change due to market conditions was $907 million. With this week’s activity, high yield funds have seen $7.3 billion of withdrawals in 2017. Total assets are now $212 billion, $52 billion via from ETFs. — Staff reports
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