Investment-grade bond funds add $1.09 billion in week, ending losses

By Paul Deckelman

New York, July 9 - Investment-grade corporate bond funds posted an inflow of $1.093 billion for the week ended Wednesday, breaking a losing streak which had seen outflows from those funds over the previous four consecutive weeks and in five out of the prior six weeks.

The flow data was reported by sources familiar with the weekly fund-flow statistics generated by AMG Data Services Inc., an Arcata, Calif.-based unit of Thomson Reuters Corp.’s Lipper analytics division.

The funds had shown a $655 million outflow during the week ended July 1.

Despite the recent weakness, inflows have now been seen in 20 weeks out of the 27 since the start of the year, against seven weeks of outflows.

This week’s inflow raised the high-grade funds’ year-to-date net cash gain to $29.948 billion from $28.855 billion last week. This week’s year-to-date figure was a new peak level for the year, surpassing the old mark of $29.148 billion set during the week of June 3.

In 2014, the funds generated $86.111 billion of net inflows for the year.

Among other asset classes, high-yield bond funds gained $45.079 million in the most recent week, turning mildly higher, after having posted their biggest outflow of the year so far the week before.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.