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.
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