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Bank-loan ETFs see $58 million daily inflows; weekly outflows moderate
By Paul A. Harris
Portland, Ore., Aug. 25 – Bank-loan ETFs saw $58 million of daily cash inflows on Thursday, the most recent session for which data was available at press time, according to a market source.
Actively managed bank-loan funds sustained $35 million of outflows on the day, the source said.
News of Thursday’s daily flows follows a Thursday afternoon report that the combined loan funds sustained $41 million of net outflows in the week to the Wednesday, Aug. 23 close, the source said.
It was the fourth outflow in five weeks, totaling negative $181 million.
Weekly outflows from the funds have moderated in the past 12 weeks to an average weekly outflow of $21 million during that interval, the source noted.
Average weekly outflows for the preceding 12-week period were $822 million, the source added.
Year-to-date cash flows of the dedicated bank-loan funds ended the week at negative-$19 billion, according to the market source.
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