Mutual funds and exchange traded funds that invest in high yield bonds attracted a record high inflow from Wednesday 25/3 to Wednesday 2/4, according to the Financial Times. The EUR 6.5 billion capital flow into high-yield strategies ended a five-week spell of outflows.
The renewed interest for riskier credit makes perfect sense when comparing high yield funds' current risk return profiles relative to listed equities, says Owen Murfin, institutional fixed income portfolio manager at MFS Investment Management.
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