Lipper-FMI fund flow data - Week ended February 13
Decent inflows continue to benefit to US Credit funds, with more than $700bn net new money going into in US HY funds and almost $1.9bn in US IG funds. This brings YtD figures are historically very high levels for US HY funds above $8bn, while US IG funds are almost reaching their break-even YtD in terms of net inflows (-$300mn). Meanwhile, leveraged loan funds have not been recovering yet, with another significant outflow for the week ended 13 February of $472mn, bringing the YtD net outflow to -6.7bn . The recovery in US-based stock funds’ inflows is also modest, compared with massive outflows seen in January, leaving a YtD net outflow of more than $20bn so far.