U.S. loan funds recorded an outflow of $121 million for the week ended Sept. 6, according to Lipper weekly reporters only. This exit builds on two consecutive weeks of outflows, bringing the three-week total outflow to $605 million.
The four-week trailing average dipped moderately, widening to negative $146 million, from negative $122 million last week.
Mutual funds made up $106 million of the total outflow this week, while $14 million was removed from ETFs.
Year-to-date inflows to leveraged loan funds now total $13.8 billion, based on inflows of $9.3 billion to mutual funds and inflows of $4.5 billion to ETFs, according to Lipper.
The change due to market conditions this past week was positive $296 million, snapping four consecutive weeks of declines. Total assets were $96.7 billion at the end of the observation period. ETFs represent about 19.7% of the total, at $19 billion.— James Passeri
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.