U.S. high-yield funds recorded an inflow of $641 million for the week ended Sept. 6, according to weekly reporters to Lipper only. This comes on the heels of three consecutive weekly exits that combined for a total outflow of $3.5 billion over that span.
ETFs made up $364 million of the inflow this week, while $277 million flowed into mutual funds.
The four-week trailing average stayed in the red for a fourth straight week, narrowing to negative $709 million, from negative $838 million last week.
The year-to-date total outflow is $9.2 billion, with a $11 billion outflow from mutual funds offset by a $1.8 billion inflow to ETFs.
The change due to market conditions this past week was an increase of $1.1 billion. Total assets at the end of the observation period were $209 billion. ETFs account for about 24% of the total, at $50.1 billion. — James Passeri