ETF influx amid peace bid drives $2.76B inflow to high-yield bond retail funds
Middle East de-escalation rhetoric spurred a big $2.76 billion inflow into high-yield retail funds July 30-Aug. 5, mainly via a $2.37 billion stampede into fast-money ETFs, according to Morningstar. That offset a $692 million outflow last week, split across ETFs and mutual funds. The inflow — the largest since a comparable $2.78 billion influx April 9-15 (also amid tenuous peace prospects) — lifted the four-week rolling average into positive territory (up $515 million), after last week’s dip int
Middle East de-escalation rhetoric spurred a big $2.76 billion inflow into high-yield retail funds July 30-Aug. 5, mainly via a $2.37 billion stampede into fast-money ETFs, according to Morningstar. That offset a $692 million outflow last week, split across ETFs and mutual funds. The inflow — the largest since a comparable $2.78 billion influx April 9-15 (also amid tenuous peace prospects) — lifted the four-week rolling average into positive territory (up $515 million), after last week’s dip int
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