U.S. Loan Funds Post Biggest Inflow Since 2013 as the Fed Eyes Hikes
- Influx of $1.84 billion ranks as the third-largest on record
- Investors have added to funds for five straight weeks: Lipper
This article is for subscribers only.
Funds that invest in U.S. leveraged loans posted the biggest inflow since August 2013 as investors rush to the asset class with the Federal Reserve ready to increase rates.
The funds pulled in about $1.84 billion of cash for the week ended Jan. 12, according Refinitiv Lipper data. That makes for the third-largest intake ever, the data show, and the highest since August 2013 amid a taper tantrum, when the Fed looked to end a bond-buying program it began in response to the global financial crisis.