High yield suffers in August heat

By Stefanie Linhardt
27 Aug 2013

The high yield market felt the August influence last week as trading was thin, no new primary deal plans dripped through and fund flows reduced to a minimum.

Fund flows into European high yield funds for the week ended August 21 reduced to a tiny net inflow of €5m, according to JP Morgan, of which €4m came from exchange traded funds. 

The full year tally up to August 21 recorded a net inflow of €2.908bn.

While ETFs have ...

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