Retail cash flows for U.S. high-yield funds were negative for the first time in five weeks, with a net $162 million outflow in the week ended April 22, according to Lipper. The recent activity barely dents the four weeks of inflows totaling $3.3 billion prior.
The net-negative reading is split between reporting segments, however, as there was an outflow of $304 million from mutual funds filled in modestly by a net inflow of $142 million to the exchange-traded-fund segment. A similar dynamic is not rare; it was in place three weeks ago for the three prior weeks.
|