More retail funds join leveraged loan exodus

A wave of mutual fund redemptions is pushing a loan market sell-off deeper as investors look to cash out of a potentially overheated investment, said leveraged loan market sources this week.

  • By Alexander Saeedy
  • 20 Dec 2018

Mutual fund managers including Blackrock, Invesco, Neuberger Berman, Loomis Sayles, and Lord Abbett have been selling loan holdings to meet share redemption requests and return cash to exiting shareholders, said sources. Representatives from Blackrock, Invesco and Neuberger Berman could not be reached for comment at press time.

Loomis ...

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