Click here to access Bloomberg’s latest Global Leveraged Loan Index Report
Retail investors have returned to loan funds following two months of net redemptions. The Invesco Senior Loan ETF (BKLN) recorded $265m in inflows this month through April 21, a reversal from the $125m in outflows the fund experienced in March, and a far cry from the exodus that took place in February when $948m was pulled by investors.
After beginning the year at an average price of 96.93, secondary market loan pricing declined to 94.60 on March 3 before rebounding to 95.39 by April 20, according to the Bloomberg US Leveraged Loan Index. Year-to-date the index has delivered a return of 0.30%.
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Information technology topped nonaccruals on a cost basis
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US Broadly Syndicated Loan CLO Defaults in 3Q26 Driven by Distressed Debt Exchanges
Out of court restructurings drove nearly all default activity within Fitch-rated U.S. broadly syndicated loan (BSL) CLO portfolios in 3Q26, Fitch Ratings says.