Over $8 Billion Yanked Out of European High Grade Funds (1)

Investors pulled more than $8 billion from European investment-grade funds in the week to April 9, the sharpest retreat since October 2022, according to EPFR data cited in a Bank of America Corpnote.

The around $8.1 billion in outflows coincided with about $6.2 billion leaving high-yield funds — which marked the fifth straight week of withdrawals for junk credit, BofA’s Ioannis Angelakissaid in the note seen by Bloomberg. EPFR is a provider of fund flows and asset allocations data.

It reversed the move from the week before, when around $1.7 billion flowed into the ...