Recovery still far from sight as HY funds lose another $2bn
Outflows have continued from global high yield funds this week, with almost $2.3bn leaving in the period from last Thursday through to Tuesday, according to EPFR Global, suggesting a recovery in high yield is still far off. On Thursday and Friday alone, outflows were just shy of $1bn per day, said Cameron Brandt, director of markets research at EPFR.
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