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U.S Leveraged Loan Funds Lose $121M, Three-Week Exodus Totals $605M

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.

U.S. Leveraged Loan Fund Flows

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

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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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