U.S. high-yield funds saw a net $3.8 billion retail-cash outflow in the week ended Dec. 16, according to Lipper. This is the largest one-week redemption since the record $7.1 billion withdrawal 71 weeks ago, or since the week ended Aug. 6, 2014.
The impact was fairly heavy from the ETF segment, with $2.4 billion of mutual fund outflows expanded upon by $1.4 billion of ETF withdrawals. This is the second coordinated outflow from the two segments after last week's 82%/18% split, respectively, marked the first such dynamic in 10 weeks.
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