U.S. high-yield funds recorded an inflow of $597.5 million for the week ended Nov. 23, according to weekly reporters to Lipper only. This is the first inflow since Oct. 5 and snaps a skid that saw $7.35 billion exit the asset class in just six weeks.
Outflows from mutual funds were mild at $122.6 million while ETFs recorded a $720 million inflow after seeing roughly $1 billion drained in the prior week.
With this result, the four-week trailing average narrows to negative $1.62 billion, from negative $1.78 billion previously.
The year-to-date total inflow is now $4.42 billion, with 46% ETF-related. A year ago at this juncture, the measure was an inflow of $984 million, reflecting $1.33 billion of mutual fund outflows and ETF inflows of $2.31 billion.
The change due to market conditions last week was a $922 million increase. Total assets at the end of the observation period were $198.1 billion. ETFs account for about 21% of the total, at $40.7 billion. — Jon Hemingway
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