SPDR Blackstone Senior Loan ETF

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Amesite

CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

MetaVia

OceanPal

SHYG

SRLN

HYLB

SPHY

LVLN

HYDB

USHY

Junk-bond funds and leveraged-loan funds carry much lower fees that private credit.

iShares 0-5 YR HY Corp Bd

Xtrk Usd Hg Yld

SPDR Portfolio High Yield Bond ETF

State Street SPDR S&P Leveraged Ln ETF

iShares High Yield Bond Factor ETF

iShares iBoxx  HY Corp Bd

SPDR Bloomberg High Yld  Bd ETF

iShares Broad USD HY Corporate Bd

Private credit is scary. Get those high yields without the risk.

FTSL

BKLN

US leveraged loan funds are experiencing significant outflows, with $3.4 billion withdrawn in March, the highest in a year. This trend reflects growing investor caution regarding credit risk and liquidity issues, particularly in private credit markets. Concerns about the health of borrowers, especially in vulnerable sectors like software, are prompting investors to reassess their positions. Analysts warn that outflows may continue until confidence in creditworthiness improves. Additionally, major ETFs have also seen substantial withdrawals, indicating a broader retreat from leveraged loan exposure amid ongoing market uncertainties.

Invezz

First Trust Senior Loan

Ps Senior Loan

Leveraged loan funds face rising outflows as credit fears mount

A new policy initiative from the Federal Reserve, led by Stephen Miran, may shift focus towards bank loan ETFs as it proposes balance sheet reductions and lower rates. This could challenge the investment thesis of popular floating-rate ETFs like Invesco Senior Loan ETF (BKLN) and SPDR Blackstone Senior Loan ETF (SRLN), which have thrived in a high-rate environment. Investors may rotate into duration-sensitive ETFs as lower rates could diminish income generation for floating-rate funds, altering their appeal in the fixed income market.

benzinga_article

VG Financial

Fed Policy Twist May Trigger ETF Rotation Away From Floating-Rate Funds

Bank of America strategist Michael Hartnett warns investors about increasing risks in the financial sector, particularly concerning problem loans and bank-loan ETFs. He highlights the State Street Blackstone Senior Loan ETF and the Financial Select Sector ETF as key indicators. If these funds fall below their 200-day moving averages, it could signal significant market downturns. Hartnett predicts a rise in risk aversion and demand for U.S. Treasurys if conditions worsen, while also noting troubling signs in Asian markets. He advises caution in Asia but remains optimistic about global markets in the long term.

- Bank of America strategist Michael Hartnett warns of increasing risks from problem loans in the financial sector that may lead to market declines.  
- He highlights that breaking key support levels for certain exchange-traded funds could signal "bad events," with predictions of heightened risk aversion and a spike in U.S. Treasury demand.  
- Hartnett remains optimistic about global market dynamics, advocating for a shift in investments away from U.S. equities toward other regions due to disruptive economic trends, particularly in the wake of AI advancements.

Dow Jones

Financial Select Sector SPDR Fund

Bank of America

Beware of banks breaking bad, warns top B. of A. strategist. He casts a wary eye on bank-loan ETFs.

FNCL

Macro Charts posted on X, highlighting that nearly $50 billion in notional put trading has occurred this month, surpassing past two decades' records. Themes include senior loans, consumer exposure, financials, and health care. This reflects a market eager to cover all eventualities, from present dangers to perceived threats and potential future risks.

CoinLive

Fidelity MSCI Financials Index

Invesco Biotechnology & Genome ETF

Proshares UltraShort Nasdaq Biotech

VG Health

iShares Global Healthcare

iShares US Pharma

ChinaAMC CSI All Share Health Care Devices ETF

SPDR S&P 500

iShares US Medical Devices

State Street Corp.

BlackRock, Inc.

First Trust NYSE Arca Biotech Index Fd

Health Care Select Sector SPDR

China Merchants CSI All Share Medical Apparatus and Instruments ETF

SPDR S&P Health

ChinaAMC SSE STAR Biology and Medicine ETF

VG Consumer Stap

VanEck Biotech ETF

SPDR FD Consumer Staples

iShares US Consumer Staples ETF

SPDR S&P Health Equip

TCW Senior Loan ETF

Minsheng Royal CSI Biotechnology Theme ETF

iShares Biotechnology ETF

E Fund CSI 300 Health Care ETF

ISHRS S&P Glb Fin

Maxwealth CSI All Share Medical Apparatus and Instruments ETF

VG S&P 500

ISHRS Us Brokers & Sec Exchg

Direxion S&P Biotech Bear 3X

Guotai CSI Bio-medicine ETF

China Universal 800 Health Care ETF

Bosera Hang Seng Health Care ETF(QDII)

ALPS Medical Breakthrough

Franklin Senior Loan ETF

iShares US Financials

Proshares Ultra Nasdaq Biotech

Ark Genomic Revolution ETF

ISHRS S&Pp Glb Cons Staple

Record $50 Billion Put Trading on ETFs Amid AI Concerns

SPDR Blackstone Senior Loan ETF(SRLN.US)

Private credit is scary. Get those high yields without the risk.

Leveraged loan funds face rising outflows as credit fears mount

Fed Policy Twist May Trigger ETF Rotation Away From Floating-Rate Funds

Beware of banks breaking bad, warns top B. of A. strategist. He casts a wary eye on bank-loan ETFs.

Record $50 Billion Put Trading on ETFs Amid AI Concerns