U.S. Leveraged Loan Funds See Outflows Persist for 17th Week
- Mutual funds see $503m pulled, ETFs have $102m withdrawn
- Tight supply has supported loan prices despite the outflows
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Investors pulled $606 million from U.S. leveraged loan funds extending a losing streak to 17 consecutive weeks, according to Lipper data, as investors remain bearish on floating-rate assets.
The exits have been increasing after moderating earlier in the month. The latest loan flow for the week ended March 13 compares to a $291 million outflow for the previous week. So far this year loan funds are down $7.8 billion.