High yield bond funds record big weekly outflow, says Lipper AMG

A total of just under $1.7 billion flowed out of US corporate high yield funds in the week ending 12 May (Wednesday), according to Lipper’s AMG data service, a big reversal of the previous strong inflows and the third biggest weekly outflow ever recorded. There were also outflows from international and global debt funds, the first negative move for this sector after 59 weeks of inflows. During the week ending 12 May, there were outflows of $242 million from international and global debt funds.

The only bond fund sector that saw inflows in the period was corporate investment grade funds, which attracted $630 million of inflows.