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Junk mutual funds, ETFs see $1.1 billion inflow for week ended April 17
By Abigail W. Adams
Portland, Me., April 4 – High-yield mutual funds and exchange-traded funds – considered a reliable barometer of overall liquidity trends in the junk market – saw inflows of $1.1 billion for the week ended Wednesday, according to fund-flow statistics generated by AMG Data Services Inc.
The week marked the sixth consecutive inflow for the high-yield market with $655 million entering the space for the week ended April 10, $2 billion entering the space for the week ended April 3, $590 million entering the space for the week ended March 27, $1.8 billion entering for the week ended March 20 and $1.04 billion entering for the week ended March 13.
The inflows were preceded by an outflow of $1.91 billion for the week ended March 6, which broke a streak of six inflows, including the record-setting inflow of $3.86 billion for the week ended Feb. 6.
The inflow for the week ended Feb. 6 was the largest the space had seen since December 2016.
While funds saw record outflows in 2018, fund flows in 2019 have been net positive with a cumulative inflow of $14.36 billion in the 16 weeks thus far, according to a Prospect News analysis of the reports by the Arcata, Calif.-based unit of Thomson Reuters Corp.’s Lipper analytics division.
For the past 10 weeks, funds have seen nine inflows and one outflow.
There have been 13 inflows and three outflows in the 16 weeks of 2019, according to the Prospect News analysis.
IG corporates see inflows
Among other asset classes, investment-grade corporate funds saw inflows of $2.31 billion for the week ended Wednesday.
High-grade funds have seen a steady streak of inflows.
There was an inflow of $2.9 for the week ended April 3, $2.75 billion for the week ended March 27, $5.14 billion for the week ended March 20, $3.3 billion for the week ended March 13 and $1.99 billion for the week ended March 6.
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