Lipper-FMI fund flow data - Week ended April 17

Inflows again in US IG and HY funds, leading to almost record highs for HY inflows YtD above $14bn after & 6 th consecutive week of net inflows . Above average inflows also seen in US IG funds, with $2.3bn new cash this week. However, the YtD net inflow in US IG funds still compares unfavourably with 2018tD, given the massive outflows posted in January. Conversely, the fall continues for Leveraged loan funds, with a 22 nd consecutive week of outflows and 6 th consecutive week above the -$500mn level : the slight rise in LT rates in the US this week has not been enough to reverse the trend in outflows so far. EM debt funds still suffering outflows according to Lipper-FMI, while EPFR data are showing the opposite trend with $7bn inflows reported over the past 5 week and net inflows amounting to 1.8% of outstanding.