Investors have been retreating from bank-loan funds in recent weeks. Assets in bank-loan funds have fallen 33 percent to $18.2 billion end-June,
The Wall Street Journal
reported, citing figures from AMG Data Services. The average bank-loan fund shed 4.1 percent of its value, according to Morningstar data. Investors, meanwhile, have been pouring assets into money-market funds. Inflows into money-market funds totaled $75.9 billion in the week ended Wednesday, the second-highest figure recorded, according to the report.
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