Junk bond funds based in Europe saw their biggest weekly inflow of the year last week, as investors continue to pile into an asset class that offers relatively generous yields, stability and diversification away from the US dollar.
Over $1,233 million poured into European-domiciled high yield funds with a local focus in the week ending July 16, according to BofA Global Research analysts, citing EPFR Global data. The previous week
“The yield angle is still driving inflows into credit in general,”
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