Lipper-FMI fund flow data - Week ended July 26

Significant inflows in both US IG and HY funds over the past week . If HY funds inflows more than doubled at $1.3bn versus $0.6bn in the past two weeks, IG funds saw decent but lower inflows compared to the past week ($2.5bn after $3.6bn). On the other hand, leverage loan funds continue to suffer , although the pace of the ouflows somewhat slowed (-$0.4bn after -$0.5bn last week). In YtD terms they represent the second biggest net outflows (- $1 9 . 5 bn ) , just after US-based equities funds (-106.2bn). Meanwhile , Money market funds were once again the outperformers, with $2 6 bn inflows reported over the past week (after $9bn last week) .