Lipper-FMI fund flow data - Week ended August 3

Another week of net inflow s in US-based Corp. Investment Grade fund , adding to a streak of weekly inflows since 14 March , although showing a slowdown since the end of May. Over the past 12 weeks, Corp. IG funds have posted an average net inflow of $1.46bn per week, lower than the YtD average of $1.78 and 2017 average of $2.27bn; US HY funds have slightly recovered last week with $37mn net inflows, but the YtD picture still demonstrates record outflows. Meanwhile, leverage loan funds seem to have been supported by the recent rise in Treasury yields, with almost $800mn net inflows recorded during the last 3 weeks; Large withdrawal in US-based government Treasury funds ( the largest since April 2016 according to Lipper-FMI).