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Aurora, Il USA
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Investors pulled $435 million from U.S. funds that buy leveraged loans, the eighth straight weekly outflow, according to Lipper.
The withdrawal increased this year’s net outflows to $4.3 billion, Lipper data show. Investors have soured on the debt after depositing a record $62.9 billion last year into loan funds.
U.S. high-yield bond funds lost $198 million in the five days through yesterday, the first outflow in four weeks, according to Lipper. That brought net withdrawals this year to $9.5 billion.
Loans have returned 2.47 percent in 2014, according to the Standard & Poor’s/LSTA U.S. Leveraged Loan 100 index. That’s less than half the 5.7 percent gains for U.S. junk bonds this year through yesterday, according to a Bank of America Merrill Lynch index.
Investors Pull $435 Million From Loan Funds in U.S., Lipper Says - Bloomberg
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