U.S. high-yield funds wrapped up a grim 2018 with a $3.94 billion withdrawal for the week ended Dec. 26, bringing the full-year outflow figure to a whopping $35.3 billion, according to Lipper weekly reporters.
With the most recent withdrawal, the four-week trailing average steepens to a $1.9 billion outflow.
The retail activity was evenly split across the asset class, with high-yield funds accounting for $1.98 billion of outflows and ETFs accounting for a $1.96 billion withdrawal.
U.S. high-yield assets now stand at $179.5 billion, of which $36.9 billion come from ETFs. — Tim Cross
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