Retail investors withdrew another $350 million from U.S. loan funds during the week ended June 19, according to Lipper weekly reporters. While that's a noticeably smaller outflow from previous weeks, it's the 31st straight withdrawal, just shy of the 32-week record that ended in March 2016.
Loan mutual funds were the culprit this week, as those concerns saw a $607 million net outflow. ETFs, on the other hand, managed a $258 million inflow, the first for that segment in a month.
With the recent activity, the four-week average is a $749 million outflow. The change due to market conditions was negative $42 million.
Year to date, outflows from U.S. loan funds are $16.9 billion, according to Lipper. Over the current 31-week streak there has been $30.35 billion in net withdrawals.
There are now $86.7 billion in assets at U.S. loan funds, of which $10.1 billion are via ETFs, according to Lipper.
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