Lipper-FMI fund flow data - Week ended June 26

Huge inflows again in both US IG and HY funds over the past week, with more than $3bn each !This cash entry has pushed YtD net inflows in US HY funds to a record level, beating the year 2012tD. On the other hand, leverage loan funds continue to suffer from the Fed’s latest dovish comments and expected rate cuts, with $674mn outflows reported for the past week, leading to YtD net outflows of $17.6bn, more than offsetting the inflows seen in HY funds YtD ($16bn). Otherwise, Money market funds have been the outperformers, with $21.5bn inflows reported over the past week, while Us-based stock funds posted their 2 nd consecutive week of outflows.