This page has been archived and commenting is disabled.

Lipper Announces Huge 1.35 Billion In High Yield Fund Outflows In Week Ended May 26

Tyler Durden's picture
Submitted by Tyler Durden on 05/27/2010 17:23 -0400



 

It's official - high beta asset liquidations are not just on, but are accelerating. Lipper/AMG just announced that High Yield fund outflows surged yet again, after moderating in the prior week to just $378, hitting $1.35 billion. Two weeks ago, in the aftermath of the May 6th crash, HY funds saw their third biggest outflow in history losing $1.69 billion. This week's outflow will certainly fall in the top 10 of all time worst high beta capital flows. Look for ongoing weakness in distressed and high yield names in the coming week, as fears of mutual fund liquidations become pervasive.

 
»

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/27/2010 - 17:30 | 377755 demsco
demsco's picture

Yeah, that was me selling, sorry...

Thu, 05/27/2010 - 17:30 | 377756 Hx3
Hx3's picture

I'm wondering how many have, or are considering activating lock out provisions...

Thu, 05/27/2010 - 17:32 | 377761 bada boom
bada boom's picture

So who is buying?  Hedge funds, institutions?

Thu, 05/27/2010 - 19:33 | 377987 geminiRX
geminiRX's picture

Leo

Thu, 05/27/2010 - 17:33 | 377765 Deflationburger...
Deflationburger with Fleas's picture

retail

Thu, 05/27/2010 - 17:33 | 377766 dryam
dryam's picture

Damn, I thought Dennis Kneale declared the recession was over.

Thu, 05/27/2010 - 17:37 | 377774 Cleanclog
Cleanclog's picture

That Dennis is such a snarky snippy arrogant idiot!

Thu, 05/27/2010 - 17:44 | 377787 Ragnarok
Ragnarok's picture

I almost want to vomit when CNBC has adds promoting their shows, like "Strategy Session". Pompous ass clowns.

 

Please pass the rage-ohol.

Thu, 05/27/2010 - 17:48 | 377791 cossack55
cossack55's picture

C'mon. Football season does'nt start for a few months.  There has to be some stupid show on to use your foam brick on.

Thu, 05/27/2010 - 17:50 | 377796 Ragnarok
Ragnarok's picture

Ohhhhh.... so it's supposed to be a foam brick. 

Thu, 05/27/2010 - 18:12 | 377826 wang
wang's picture

I know it can be entertaining but why does anyone (especially ZH readers) watch or for that matter even mention the BS network?

Thu, 05/27/2010 - 18:17 | 377837 Augustus
Augustus's picture

They run those commercials to give you a break from Obama speeches where he beclowns himself.

Thu, 05/27/2010 - 17:45 | 377788 Belrev
Belrev's picture

That is not huge. It is just a few billion.

Thu, 05/27/2010 - 18:09 | 377818 wang
wang's picture
Warren Buffett to testify under FCIC subpoena after resisting commission's request

By Carol Loomis, senior editor-at-largeMay 27, 2010: 5:16 PM ET

http://money.cnn.com/2010/05/27/news/companies/buffett_fcic_subpoena.for...

Thu, 05/27/2010 - 18:15 | 377833 Augustus
Augustus's picture

TLT really took a knock today too.  The vigilantes may be starting their US operations.

Thu, 05/27/2010 - 18:35 | 377871 HarryWanger
HarryWanger's picture

/ES knocked up against its 200 dma AH on the bogus BP conference that told us they were "neither optimistic or pessimistic". MSM took that as "Great! Oil disaster cured!" Proceeded to kiss BP spokesman on the ass and buy /ES.

Thu, 05/27/2010 - 19:04 | 377929 Modus
Modus's picture

from a technical standpoint tomorrow will be highly decisive. not only have we tested the 200dma in the s&p but a big reversal in most major equity indices (with the nikkei as the exception). should we close the week higher that is, in my opinion, clearly bullish.

however, should we close the week lower, much lower as from today, this is f... bearish...

 

u guess what i hope for :)

Thu, 05/27/2010 - 21:04 | 378153 Joe Shmoe
Joe Shmoe's picture

Outflows are always touted by fund companies, et al as a contrarian indicator.  

Do NOT follow this link or you will be banned from the site!