U.S. Junk-Bond Funds See $2.3 Billion Inflow, Most Since April
- Equity rally helps revive demand after prior week’s outflows
- Investment-grade funds see investors add $3.84 billion
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Investors are rushing back into U.S. junk bonds with funds that buy the risky debt seeing the biggest inflows since April.
The funds received $2.3 billion of cash in the week ended Oct. 20, the biggest influx since the week ended April 7, according to Refinitiv Lipper data. It shows a shift in risk appetite following two straight weeks of outflows, including a $1.8 billion withdrawal last week, the most since June.