Retail Cash Inflows To High Yield Mutual Funds Wipe Out ETF Outflows, Positive Return

December 12, 2013 10:56 PM

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Retail cash flows to high-yield funds returned to positive territory with a net inflow of $16 million for the week ended Dec. 11, according to Lipper, a division of Thomson Reuters. An inflow of $108 million to mutual funds outweighed an outflow of $92 million from exchange-traded funds.

The net inflow, however, barely dents last week’s $141 million outflow, which broke a streak of three straight positive readings.

The four-week trailing average slips to positive $269 million, from positive $324 million last week.

Inflows total $2.6 billion for the year to date, with ETF inflows comprising 73% of the total, at $1.9 billion. Eleven weeks ago, during the depths of cash withdrawals over the summer, the year-to-date reading was for outflows of $7.6 billion.

Inflows stood at $21.5 billion at this point in 2012 with 39% tied to ETFs.

Net assets of the weekly reporter sample totaled $175.3 billion at the end of the observation period, with ETFs representing roughly 20% of the total, or $35.7 billion. Net assets are up $12.5 billion in the year to date, a gain of 8% for the year.


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