Bank loan funds see $987 million of net outflows in week to Aug. 24

By Paul A. Harris

Portland, Ore., Aug. 26 – The dedicated bank loan funds sustained $35 million of net daily outflows on Thursday, the most recent session for which data was available at press time, according to a market source.

Actively managed loan funds saw $30 million of outflows on the day.

Bank loan ETFs sustained $5 million of outflows on Thursday, the source said.

News of Thursday's daily flows follows a Thursday afternoon report that the combined bank loan funds sustained $987 million of net outflows in the week to the Aug. 24 close.

It was the 10th negative weekly flow in the past 11 weeks, totaling $9.7 billion, according to the market source.

Year to date the loan funds have seen $8.8 billion of net inflows, all concentrated in the actively managed cohort, the source said, noting that year-to-date flows of the bank loan ETFs were negative $562 million to Thursday's close.

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