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In This List

Investors withdraw $350M from US leveraged loan funds as streak hits 31 weeks

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Europe’s Leveraged Loan Issuers Draw on Revolving Credits to Preserve Liquidity


Investors withdraw $350M from US leveraged loan funds as streak hits 31 weeks

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. 

https://www.lcdcomps.com/lcd/na/2019/06/20/lipper%20loans%206-20.jpg

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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LCD comps is an offering of S&P Global Market Intelligence. LCD’s subscription site offers complete news, analysis and data covering the global leveraged loan and high yield bond markets. You can learn more about LCD here.