Junk Bond Funds in U.S. Receive Biggest Weekly Inflow Since 2013Elliott Stam
Investors deposited $2.77 billion into U.S. funds that buy junk bonds this week, the most since September 2013, according to data provider Lipper.
Investors pulled $443 million from loan funds in same the period, following last week’s withdrawals of $738 million.
Buyers added $3.08 billion to junk bond funds in the week ended Sept. 24, 2013, according to Lipper.
Junk debt is rated below Baa3 at Moody’s Investors Service and under BBB- at Standard & Poor’s.