×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Junk | Bond | Funds | Money

Junk-Bond Funds Get New Life as Money Pours In

Thursday, 21 August 2014 06:53 PM EDT

Investors deposited $2.2 billion into U.S. high-yield bond funds the past week, the second straight inflow following a record withdrawal.

Investors are accelerating a return to the market that started with $680 million added last week after an unprecedented $7.1 billion was pulled in the period ended Aug. 6, according to Lipper. Net outflows for the year fell to $9.2 billion.

For U.S. funds that buy leveraged loans, investors withdrew $540 million in the week ended Wednesday, bringing net outflows for the year to $3.7 billion, Lipper data show.

U.S. junk bonds have returned 1.29 percent in August after tumbling 1.3 percent in July in the securities’ first monthly loss in almost a year, according to Bank of America Merrill Lynch index data.

Junk loans have dropped 0.09 percent this month, following a 0.25 percent loss in July, according to the Standard & Poor’s/LSTA Leveraged Loan 100 Index.

© Copyright 2024 Bloomberg News. All rights reserved.


Markets
Investors deposited $2.2 billion into U.S. high-yield bond funds the past week, the second straight inflow following a record withdrawal.
Junk, Bond, Funds, Money
148
2014-53-21
Thursday, 21 August 2014 06:53 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved