U.S. loan funds saw a $1.47 billion net withdrawal during the week ended June 5, bringing the current outflow streak to 29 weeks, totaling $29.3 billion, according to Lipper. For comparison, the current record outflow streak is the 32-week run that ended in March 2016 with a total withdrawal of $17.6 billion.
This week's outflow marks the largest retail withdrawal since the week ended Jan. 2. ETFs saw an $803 million exodus, while $670 million was pulled out of loan mutual funds.
The four-week average widened to a $750 million outflow, from a $421 million outflow the previous week.
Year to date, net outflows at U.S. loan funds now total $15.86 billion, according to Lipper weekly reporters.
Assets at U.S. loan funds now total $79.3 billion, $8 billion of which is from ETFs.
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