US junk bond funds report $347 mln inflow-LipperFMI

NEW YORK, Oct 21 (BestGrowthStock) – U.S. junk bond mutual funds
reported $347 million of net inflows in the week ended Oct. 20,
the seventh consecutive week of inflows, LipperFMI reported on
Thursday.

Inflows the prior week were $240 million.

Junk bonds are rated below investment grade and carry high
yields to compensate for their risks.
(Reporting by Ciara Linnane; Editing by Padraic Cassidy)

US junk bond funds report $347 mln inflow-LipperFMI