U.S. Junk-Bond Funds Get $680 Million Weekly Inflow, Lipper Says

Investors deposited $680 million into U.S. high-yield bond funds, following record withdrawals last week, according to Lipper.

The inflows in the week ended Aug. 13 compare with an unprecedented $7.1 billion outflow in the period ended Aug. 6, Lipper data show. That was the first weekly inflow since the period ended July 9 and brings this year’s net withdrawals to $11.4 billion.

Investors pulled $687 million from U.S. funds that buy leveraged loans, bringing net outflows to $3.2 billion this year, according to Lipper. That compares with $1.5 billion of withdrawals last week, the largest since August 2011, Lipper data show.

U.S. junk bonds have returned 0.6 percent in August after tumbling 1.3 percent in July in the securities’ first monthly loss in almost a year, according to Bank of America Merrill Lynch index data.

To contact the reporter on this story: Christine Idzelis in New York at cidzelis@bloomberg.net

To contact the editors responsible for this story: Shannon D. Harrington at sharrington6@bloomberg.net Caroline Salas Gage, Faris Khan

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