Lipper-FMI fund flow data - Week ended December 11
Strong inflows again in both US IG and HY funds this week, with US IG funds leading the way (+$4.6b) and more than $ 5 .5bn new money injected in those credit funds in total. Despite the good performance delivered by equity markets this week (+1.6% for the S&P 500), US based stock funds posted $5.1bn outflow over the week. Leveraged loan funds still suffering, with a weekly net outflow of $242mn . YtD , the outflows in leveraged loan funds (-$28bn) are outpacing the net inflows in US HY funds (+$21.9bn).