Lipper-FMI fund flow data - Week ended April 10
Substantial inflows again in US IG funds this week, almost $3.5bn. We believe that IG funds will continue , in the coming weeks, to be supported by lower long term rates in the US and revised expectations regarding Fed funds at year-end linked to the more dovish Fed’s attitude. Positive inflows also to be noticed in US HY funds (+$655mn), although much lower than the YtD average… … and lower than the outflows posted in leveraged loan funds (-$742mn) over the past week. Noteworthy is the rebound in inflows observed in Emerging Market debt (+$695mn) after 7 consecutive weeks of net outflows.