Lipper-FMI fund flow data - Week ended August 22
F und flows showed a more risk-off mood of the investors with only US IG and money market funds enjoying solid inflows (+$2bn and +$22.6bn respectively) , although s lowe r ones for the former compared to +$4bn a week before. Meanwhile, all risker funds saw significant outflows: -$1.5bn for US HY funds, -$7.9bn for US-based equity funds (despite the slight increase of S&P500 over the week), and -$0.3 for EM debt funds. L everage loan funds did not bring any surprise with the $0.9bn outflows that continued for 40 consecutive weeks .