Morning Commentary: Big weekly inflows expected as cash flows to junk ETFs

By Paul A. Harris

Portland, Ore., Dec. 23 – The dedicated high-yield bond funds are tracking an impressive $2.3 billion of cash inflows for the week that ended at Wednesday’s close, driven by strong and steady inflows to the high-yield ETFs in all five sessions of the present reporting period, a market source said.

The junk ETFs saw $267 million of inflows on Wednesday. That inflow follows a $629 million inflow on Tuesday, a $355 million inflow on Monday, a $263 million inflow and last Friday and a $781 million inflow last Thursday.

Meanwhile the actively managed high-yield funds sustained $20 of outflows on Wednesday.

Refinitiv Lipper, which researches the cash flows of the various asset classes, is expected to publish its weekly high-yield fund flow numbers later on Thursday.

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