High-Yield Bond Funds See Biggest Inflow Since July 2016
- Inflows of $3.86 billion follow a modest increase last week
- High-yield is the best performing fixed-income asset class
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The influx of cash into corporate-bond funds accelerated this week in yet another sign credit markets are rebounding after the Fed’s recent flip to a more dovish outlook.
U.S. high-yield funds saw an inflow of $3.86 billion in the week ended Feb. 6, the biggest net increase since July 2016, Lipper data show. This follows a modest inflow of $73 million last week and a similarly large inflow of $3.28 billion three weeks ago.