Safety over yield: Money exits junk, enters investment-grade


Withdrawals from high-yield funds accelerate, hitting about $4.8B this week, according to EPFR Global - that's the 3rd largest weekly outflow since June of 2013.

Investment-grade funds, on the other hand, saw inflows of roughly $4.2B, their 31st consecutive week of inflows.

Jim Reid's Deutshce notes high-yield has been struggling this month, but no signs of stress have emerged. Indeed, the high-yield issuance market remains open for business, with another $1.3B priced just yesterday.

High-yield ETFs: HYG, JNK, HYLD, SJB, IHY, ANGL, HYLS, PGHY, HYXU, UJB, XOVR, QLTC, IJNK

IG ETFs: LQD, CORP, CRED, PICB, IBND, QLTA, COBO, IGS, CBND, IGU, SUBD, QLTB

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Comments (1)
  • Joe Springer
    , contributor
    Comments (2650) | Send Message
     
    Coal junk got thrown out, looks like the end for a few:

     

    http://seekingalpha.co...
    26 Jul 2014, 03:08 AM Reply Like
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