Asset outflows from high yield debt are moving along near record clips, with stock market outflows also at notable levels, according to a Bank of America Merrill Lynch report. The report comes on the heels of a Goldman Sachs report which extolled investors not to worry about high-yield debt concerns. Stock asset outflows turn “sharply negative With stocks nearing to top end of a price range, U.S. mutual fund and ETF asset outflows “turned sharply negative” for the week ending May 4, BAML’s Yuriy Shchuchinov. After notching the second straight losing week in a row, and seeing the VIX…
Stock Asset Outflows Near Highs, High Yield Follows
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.