US-based loan funds gain $1.5 bln record inflow -Bank of America

NEW YORK, April 12 Fri Apr 12, 2013 10:09am EDT

NEW YORK, April 12 (Reuters) - Investors worldwide poured $1.5 billion into corporate loan funds based in the United States in the week ended April 10, a weekly record according to Bank of America Merrill Lynch.

Bank of America Merrill Lynch, citing figures from fund-tracking firm EPFR Global, also said on Friday that U.S.-based loan funds' assets under management have grown by 23.5 percent, or $18 billion, so far this year.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.