Lipper-FMI fund flow data - Week ended January 9

Sharp rebound in inflows in risky asset funds this week in the US, in line with the increasing risk appetite following renewed trade discussions between US and China and some improvement in macroeconomic data (particularly from the latest US Job report). US HY funds collected more than $1bn new money for the week ended Jan 9, leading to positive net inflows YtD and offsetting the $628mn outflows seen in the 1 st week of January. Meanwhile, US IG funds continued to post heavy outflows this week ($1.1bn), following the 2 nd largest weekly outflows since 2010 observed the week before (see table below). Leveraged loan funds did not benefit from the rebound seen in most risky asset classes in terms of inflows: they posted $327mn outflows over the past week , leading to YtD net out flows of $2.6bn.