Lipper-FMI fund flow data - Week ended October 9

US HY funds swung back to outflows this week, with $1.5bn withdrawn the week ended Oct.9. For the first time since October 2018, our 12-week trailing US HY net inflow indicator has now entered into negative territory. Worse is seen in US leverage loan funds, with net outflows amounting to $710mn over the past week, leading to a YtD outflows of $25bn, largely outpacing the YtD net inflows seen in US HY funds ($17bn). In line with the deterioration of inflows in lev. Loan funds, the S&P/LS TA Leveraged Loan Price index also continued to decline to 95.53 last Thursday, its lowest level since Jan 7. Meanwhile, US IG funds are remaining very resilient: they continued to attract money with $1.84bn net inflows reported over the past week .