Bank loan mutual funds turn positive, adding $18.52 million in week

By Paul Deckelman

New York, July 9 – Leveraged loan participation funds, which have been struggling for the most part this year and which have been generally under pressure for more than a year now, recorded a modest addition of investor funds in the week to Wednesday.

Sources familiar with the fund-flow statistics generated by AMG Data Services Inc. said Thursday that the loan funds showed an $18.52 million inflow this week, versus last week’s $364.6 million outflow, which had been their fifth consecutive weekly loss.

The inflow brought the funds’ year-to-date net outflow figure down to $4.116 billion from the previous week’s $4.134 billion.

Meanwhile high-yield funds added $45.079 million, turning mildly positive after their biggest outflow of the year.

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