HY’s return to inflows cheers levfin bankers

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By Olivier Holmey
28 Aug 2014

Bankers have welcomed a revival of investor appetite for high yield bonds, after inflows to high yield funds in Europe resumed last week, raising hopes of a more supportive market for issuers in September.

Funds domiciled in Europe received inflows of $734m in the week to August 20, according to a report published by Bank of America Merrill Lynch on August 22. That follows five weeks of continuous outflows, during which investors withdrew $13.4bn from funds devoted to speculative grade debt.

“Risk-on ...

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