US High Yield Bond Funds See $620M Cash Outflow

us high yield funds

U.S. high-yield funds recorded an outflow of roughly $619 million for the week ended March 28, according to weekly reporters to Lipper only. The exit follows last week’s outflow of roughly $1.2 billion. The total outflow so far this year is now $15.5 billion.

Prior to a roughly $11 million inflow for the week ended March 14, U.S. high-yield funds endured a record high-yield outflow streak of $16.6 billion over an eight-week period.

Mutual funds drove the bulk of this week’s exit, with an outflow of $527 million, while roughly $92 million was pulled from ETFs.

The four-week trailing average narrowed to negative $577 million, from negative $598 million last week.

The change due to market conditions this past week was a decrease of $628 million. Total assets at the end of the observation period were about $199.3 billion. ETFs account for about 21.8% of the total, at $43.5 billion. — James Passeri

Try LCD for Free! News, analysis, data

Follow LCD on Twitter.

LCD comps is 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.

Leave a Reply

Comments are moderated and will not appear until the admin has approved them.