U.S. high-yield funds reported an inflow of about $1 billion for the week ended Nov. 7, according to weekly reporters to Lipper only, reversing last week’s outflow of roughly the same amount and narrowing the year-to-date total outflow to roughly $24.8 billion.
The year-to-date total exit continues to mark an unprecedented volume of outflows from high-yield funds (last year’s total outflow of roughly $14.9 billion stands as the largest exit on an annual basis to date).
ETFs led the inflow this week, with a gain of $631 million, while $409 million entered mutual funds.
The four-week trailing average narrowed to negative $480 million, from roughly negative $2 billion in the previous week.
The change due to market conditions was an increase of $1.15 billion, according to Lipper.
Total assets at the end of the observation period were $198.8 billion. ETFs account for about 21.8% of the total, at $43.3 billion. — James Passeri