With the recent activity, the four-week average dips to a $49 million outflow, from a $1.4 billion inflow last week.
ETFs took the bigger hit, with a $1.3 billion outflow, according to Lipper weekly reporters. High yield mutual funds saw $582 million of withdrawals. The change due to market conditions was positive $224 million during the week.
Since the first full week of January, net inflows to U.S. high yield funds total $7.8 billion. Assets at the funds stand at $199 billion, $43 billion of which come via ETFs. — Staff reports
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