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Outflows From Leveraged Loan Funds Deepen For 22nd Consecutive Withdrawal

From
cash loan – Yahoo News Search Results:

Cash outflows from bank loan funds deepened to $1.05 billion for the week ended Dec. 10, from $511 million in the previous week, according to Lipper. The latest reading represents the 22nd consecutive weekly withdrawal and the 33nd outflow in the past 35 weeks, for a net redemption of $20.1 billion over that span.

The current reading reflects mutual fund outflows of $952 million, plus a $94 million outflow from exchange-traded funds. The influence of ETFs represents 9% of the outflow for the week, up from 1% last week but down from 11% the prior week. The current reading is the largest ETF outflow in seven weeks.

The trailing four-week average is now negative $586 million, compared to negative $424 million last week. The current observation is the deepest in four weeks.

The year-to-date fund-flow reading pushes deeper into negative territory, at roughly $13.2 billion, and it’s mostly mutual funds, with ETFs slightly negative at $204 million for the year, or just 2%. In the comparable year-ago period, inflows totaled $51.1 billion, with 10% tied to ETFs, or roughly $5.3 billion.

The change due to market conditions was negative $368 million, or a decline of nearly 1% against total assets of $93.4 billion at the end of the observation period. The ETF segment comprises $7.8 billion of the total, or approximately 8%. – Matt Fuller

Follow Matthew on Twitter @mfuller2009 for leveraged debt deal-flow, fund-flow, trading news, and more.

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Outflows From Leveraged Loan Funds Deepen For 22nd Consecutive Withdrawal

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