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Retail investors have returned to loan funds following two consecutive weeks of net redemptions. The Invesco Senior Loan ETF (BKLN) recorded $73m in inflows during the week of October 21–28, a reversal from the $704m in outflows the fund experienced over the prior two weeks.
After beginning October at an average price of 97.08, secondary market loan pricing declined to 96.56 on October 17 before rebounding to 96.73 by October 28, according to the Bloomberg US Leveraged Loan Index. Year-to-date the index has delivered a return of 4.42%.
Contact: Vincent Daigger
vdaigger@bloomberg.net
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