U.S. High-Yield Bond Funds See Record Inflow After Exodus
- Net gain for junk funds follows six consecutive outflows
- Prior record for high-yield was $5 billion in March 2016
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Investors poured a record amount of cash into U.S. high-yield funds this week as the junk-bond market recovered from its worst slump in more than a decade.
The funds added $7.09 billion in the week ended Wednesday, according to data from Refinitiv Lipper. This reversed a course that had seen almost $20 billion withdrawn from those same funds over the last six sessions, including $2 billion last week.