Amid continued volatility week in broader markets, US leveraged loan funds posted a steep $1.92 billion outflow for the week ending March 19, according to Morningstar. This follows a $1.69 billion outflow the prior week and brings the total outflow over the last three weeks to $4.09 billion.
ETF outflows totaled $1.48 billion, while $436 million was withdrawn from mutual funds.
The four-week rolling average descended further into the red, to negative $880 million, from negative $290 million last week, and positive $200 million the week prior.
Total YTD inflows fell to $2.21 billion. Of that total, about $687 million, or 31%, has flowed into ETFs. Mutual funds, meanwhile, now account for $1.53 billion, or about 69% of this year’s inflows.
As of March 19, total net assets in loan funds were $79.2 billion, with $53 billion in mutual funds and $26.2 billion in ETFs.
Featured image: David Malan/Getty Images
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