Lipper-FMI fund flow data - Week ended July 10

More inflows to both US IG and HY funds, although slower ones compared to several previous weeks: only $0.5bn and $0.6bn for each versus $1.8bn and $0.8bn p ast week and 3bn each the week before. US-based equity funds seem to have captured some of thes e flows with $1.7bn inflow after three consecutive weeks of outflows as S&P500 reached a new record of 3000. Money market funds are by far the best performers with $27.9bn inflows reported over the past week (highest since mid-May). Meanwhile, leverage loan funds keep suffering from the Fed’s dovish comments with Fed Funds rate cuts in the nearest future .