Leveraged loan fund inflows dwindle to $257M though streak hits 93 weeks

loan fund flows

Retail-cash inflows to bank loan mutual funds and exchange-traded funds totaled $257 million for the week ended March 26, according to Lipper. Of the total, roughly 3% was tied to the ETF segment.

This is the third-lowest weekly total of the year, and it’s down from $327 million last week and $574 million two weeks ago. Retail-cash flows to the asset class have settled into a lower range following a hot start to 2014. There has not been one week over $700 million since January.

The four-week trailing average dips to $379 million, from $483 million last week and $504 million two weeks ago. Still, the net inflow streak is now at 93 weeks, with a total of $66.5 billion over that span, by the weekly reporters only.

Year-to-date inflows total $6.8 billion, of which $1.05 billion is ETF-related, or 15% of the sum. In the comparable year-ago period inflows were $13.3 billion, with 11% tied to ETFs.

Last year’s full-year inflows totaled $52.3 billion, 10% of which was tied to ETFs.

The change due to market conditions was positive $26.1 million. Total assets stood at $109.2 billion at the end of the observation period, with ETFs comprising $8.4 billion of the total, or approximately 8%. – Joy Ferguson

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