Correction: Junk funds see $906 million inflow in latest week

A story that appeared in the May 22 edition of the Prospect News High Yield Daily incorrectly reported the total amount of inflows seen in the latest week, the amount of inflows into high-yield mutual funds and the year-to-date net inflow total. A corrected and abbreviated version of the story follows.

By Paul Deckelman

New York, May 22 – High-yield mutual funds and exchange-traded funds, considered a reliable barometer of overall junk market liquidity trends, turned strongly positive this week, snapping a losing streak that had seen outflows in each of the previous four weeks, market sources said Thursday.

That upturn strengthened the already solidly positive year-to-date net inflow position, although it remains below its high point for the year so far.

Sources familiar with the fund-flow statistics generated by AMG Data Services Inc. said that $906 million more came into those weekly-reporting-only funds than left them during the week ended Wednesday.

They said that the overall inflow consisted of a net $461 million flowing into traditional high-yield managed mutual funds and $445 million seen having gone into the ETFs.

The big gain was the first seen since the week of April 15, when a $791.6 million inflow was recorded.

The latest inflow raised the year-to-date net inflow total to an estimated $8.53 billion from $7.62 billion last week.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.