Lipper-FMI fund flow data - Week ended August 9
Largest weekly inflow in US taxable bond funds since April , according to Lipper-FMI data. Credit funds are benefiting the most from that new money, with $2.8bn inflows in US Corporate IG funds; US HY funds are recovering with $ 828 mn net inflows over the past week , outpacing the inflows recorded in leverage loan funds ($199mn). However, US HY funds are still posting heavy outflows on a YtD basis (over $17.5bn) ; Surprisingly, US-based stock funds suffered net withdrawals (-$2.5bn), despite the positive performance delivered by U S equities over the week (+0.9% for the S&P 500), while international equity funds attracted $1.5bn in the same time. Finally, Money Market funds attracted more than $16bn over the past week.