Third straight week of outflows from high-yield funds: Lipper
NEW YORK, July 31 (IFR) - US high-yield funds have seen a third consecutive week of outflows, Lipper reported on Thursday, with US$1.476bn being pulled out of the asset class.
For the three weeks ended 7/30, the total outflow is $5.536bn. Year-to-date the high-yield net inflow is US$1.147bn
Lipper said loan participation funds also saw an outflow for the latest reporting week of US$406.2m. Year-to-date outflow from loan funds is US$53.72m.
Meanwhile investment-grade funds saw an inflow of US$952.5m for the week ended 7/30. Year-to-date inflow for the asset class is $48.576bn. (Reporting by Anthony Rodriguez; Editing by Marc Carnegie)