LSEG Lipper reviews U.S. investment-grade bond fund flow data after anomalous transaction
A single fund transaction drove reported $7.1 billion weekly and $8.2 billion one-day outflows, prompting Lipper to remove the fund from its report while it checks whether the move was a transfer or other operational event.
LSEG Lipper is reviewing U.S. investment-grade bond fund flow data after an unusually large transaction in one fund appeared to produce a reported $7.1 billion weekly net outflow and an $8.2 billion one-day withdrawal on July 20. Lipper said the sizeable flow, within its Short-Intermediate Investment Grade Debt classification, distorted broader fixed-income data and that the fund has been removed from the current weekly report while it determines whether the move reflected a transfer or another operational event rather than a true investor redemption. Excluding the fund under review, U.S. investment-grade funds posted net inflows of $1.54 billion in the week ended July 22, according to a Bloomberg News report cited by Reuters.
- Short-Intermediate Investment Grade Debt classification: A fund category covering higher-rated bond portfolios with short to intermediate maturities.
- net outflow: The amount of money withdrawn from a fund after subtracting new investor inflows.
- fixed-income universe: The broader set of bond funds and debt-focused investment products tracked in flow data.