Loan funds post $968M inflow for week ended Nov. 10

Inflows into U.S. loan funds surged to $967.6 million for the week ended Nov. 10, according to Lipper. That is the largest weekly inflow since the period ending April 21 and extends the current inflow streak to 16 weeks for a total of $8.98 billion over that span.

Net cash flows into mutual funds rose for the second straight week to $646.5 million, while ETF inflows for the observation period were $321.3 million. With this week's reading the four-week average for total inflows increased to $796.4 million, the highest it's been since late May.

The year-to-date net inflow is $30.2 billion, compared to a $19 billion outflow for 2020.

The change due to market conditions was positive for the second straight week, at $116.7 million.

Assets at U.S. loan funds total about $82.7 billion, with ETF assets at $18.8 billion, or 23% of the total.