U.S.-based loan funds gain $1.5 billion record inf
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Posted On: 04/12/2013 10:30:35 AM
U.S.-based loan funds gain $1.5 billion record inflow: Bank of America
NEW YORK (Reuters) - Investors worldwide poured $1.5 billion into corporate loan funds based in the United States in the week ended April 10, a weekly record according to Bank of America Merrill Lynch. Bank of America Merrill Lynch, citing figures from fund-tracking firm EPFR Global, also said on Friday that U.S.-based loan funds' assets under management have grown by 23.5 percent, or $18 billion, so far this year. (Reporting by Sam Forgione; Editing by James Dalgleish)
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