After suffering a monthly outflow of $1.7 billion – the worst on record – in June, the US high-yield bond market got its groove back last month, with junk bond mutual funds registering their highest weekly inflow of the year. High-yield bond funds took in $1.3 billion from retail investors during the week ending July 15, equivalent to 1.1% of assets under management in the sector, according to fund data provider Lipper FMI.
Appetite for floating-rate leveraged loans withstood the recent sentiment crisis.
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