High yield bond funds took in nearly $1 billion for the week ending July 28 for the third largest weekly inflow of the year, according to a report published by Lipper FMI.
Junk bonds funds took in $976 million for the week ending July 28, the third straight week of inflows. This brings the four-week average to almost $700 million, the largest since May 2009.
High yield funds have taken in a total of $3.64 billion for the year and have had positive flows for five of the last seven weeks.
Bank loan funds were also positive for the week. Loan fund inflows totaled $99 million for the week ending July 28, according to Lipper. The four-week loan flow average is up to $74 million and total weekly inflows total $4.98 billion for the year.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access