TRLPC: Leveraged loans, loan funds have upward momentum

April 9, 2015 4:30 PM

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NEW YORK, April 9 (Reuters) - U.S. leveraged loans and bank loan mutual funds could build on the momentum gained in the first quarter, while lagging high-yield bonds as investors reach for yield in an ongoing low rate environment, according to Lipper.

The hemorrhaging that wiped out $36 billion of retail investor money from loan funds over 31 straight weeks was interrupted in the first quarter, with one week of inflows in February and moderation when outflows resumed.

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