Loan fund outflows, refi slowdown could spur new CLOs
A fifth straight week of outflows from leveraged loan funds and a slowdown in CLO refinancing activity could further boost the new issue CLO market, which enjoyed its second busiest month of the year so far in August.
According to data from JP Morgan, leveraged loan funds reported an outflow of around $40m last week, the fifth net outflow in the past six weeks. With expectations of a Federal Reserve interest rate risk softening, retail investors have pulled cash from the loan market.
Data in the
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