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U.S. loan funds see small ($462M) net inflow, though win streak hits 78 weeks

loan fund flows

Retail cash inflows to bank loan mutual funds and exchange-traded funds totaled just $462 million for the week ended Dec. 11, according to Lipper, a division of Thomson Reuters. That is the third smallest inflow of the year.

This latest result is up from $383 million last week but falls short of the four-week trailing average, which fell to $599 million this week, from $690 million last week. However, the net inflow streak was extended to its 78th week for a total inflow of $58.5 billion over that span. The last net outflow was recorded in June 2012.

This week’s inflow included $35 million from ETFs, or 8% of the total, and that is only slightly higher than the $28 million (7%) participation last week.

Year-to-date inflows total $51.1 billion, of which 10% is tied to ETFs. In the comparable year-ago period, inflows were $8 billion, 18% of which was tied to ETFs. Total assets are up $53.4 billion in the year to date, an expansion of 127% from $42 billion at the close of 2012. – Jon Hemingway