More retail funds join leveraged loan exodus

Alexander Saeedy

December 20, 2018 10:00 PM

global_sell_off_ps_230x150 — (181010) -- NEW YORK, Oct. 10, 2018 (Xinhua) -- The trading information is seen on the electronic screen at the New York Stock Exchange in New York, the United States, Oct. 10, 2018. U.S. stocks closed sharply lower on Wednesday as rising rate fears and tech share sell-off rattled the market. The Dow Jones Industrial Average decreased 831.83 points, or 3.15 percent, to 25,598.74. The S&P 500 was down 94.66 points, or 3.29 percent, to 2,785.68. The Nasdaq Composite Index fell 315.97 points, or 4.08 percent, to 7,422.05. (Xinhua/Wang Ying) | Wang Ying/Xinhua News Agency/PA Images

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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login

✔ 4,000 annual insights
✔ 700+ notes and long-form analyses
✔ European securitization issuance database
✔ Daily newsletters across markets and asset classes
✔ 1 weekly securitization podcast

Topics

Securitization LevFin Securitization - CLOs LevFin - CLOs United States Americas North America

AS

Alexander Saeedy