Lipper-FMI fund flow data - Week ended January 16
Huge inflows in US HY funds this week: $3.3bn, the biggest inflows since December 2016 ($3.75bn)… … therefore, 2019tD appears as one of the best start of the year for US HY inflows (2 nd best after 2012) after 3 weeks of data, while 2018 HY inflows started to decline in the 3 rd week Investors have also poured cash into US IG funds, but to a lesser extent ($913mn). On the other hand, l everaged loan funds continued to post net outflows, leading to the worst start of the year since we collected data (2014 at least).