Year-to-date high yield inflows pass $16bn mark

Year-to-date inflows into high yield bond funds now stand at $16.2bn.


EPFR Global says that despite net new money entering the funds in the week to 1 June, "the recent trend of inflows into the investment grade bond fund groups and declining inflows into high yield bond funds continued".

The data firm added that investors committed the least amount to high yield bond funds since the week of 23 March, and noted that the group was the worst performing of all fixed income fund groups on the week with an average return of just 0.12%.

By contrast, EM bond funds saw local currency offerings return 1.4% on the week as emerging market currencies strengthened against the dollar. Long-term government bonds, meanwhile, returned 1.9%.

Bond funds as a whole took in $3.5bn on the week, their 16th consecutive weekly inflow, and one that brings year-to-date inflows to $49.7bn. Equity funds, meanwhile, took in $1.7bn, bringing year-to-date inflows to $45.3bn.


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