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Leveraged Loan Funds See 18th Straight Week of Investor Withdrawals ($398M)

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cash loan – Yahoo News Search Results:

Cash outflows from leveraged loan funds grew modestly wider at $398 million for the week ended Nov. 12, from a $315 million outflow in the previous week, according to Lipper. The latest reading represents the 18th consecutive weekly withdrawal and the 29th outflow in the past 31 weeks, for a net redemption of $17.9 billion over that span.

The current reading reflects mutual fund outflows of $366 million, plus a $32 million outflow from exchange-traded funds. The influence of ETFs represents 8% of the outflow for the week, compared to 7% last week and 2% two weeks ago.

The trailing-four-week average is negative $699 million, versus negative $836 million last week. Recall that the observation three weeks ago was the third largest leveraged loan fund outflow on record and the highest since $1.3 billion in the week ended Aug. 31, 2011.

The year-to-date fund-flow reading pushes deeper into negative territory, at roughly $10.8 billion, and it’s mostly mutual funds, with ETFs slightly negative at $30 million for the year. In the comparable year-ago period, inflows totaled $48.7 billion, with 11% tied to ETFs, or $5.2 billion.

The change due to market conditions was positive $30 million, versus total assets of $96.5 billion at the end of the observation period, for roughly a 0.03% gain. The ETF segment comprises $7.4 billion of the total, or approximately 8%.

Leveraged Loan Funds See 18th Straight Week of Investor Withdrawals ($398M)

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