LSEG's Lipper reviews transaction affecting fixed-income fund flow data

July 25 (Reuters) - London ‌Stock Exchange ​Group's (LSEG) ​Lipper unit said on Saturday it was investigating an unusually large transaction ‌in one investment-grade bond fund that distorted ⁠its wider fixed-income fund flow data.

"We are investigating this ‌matter and have identified ‌a sizeable flow within the Short-Intermediate Investment Grade Debt classification that has negatively impacted the ​fixed income universe," a Lipper spokesperson said, adding that further details would be provided ⁠once the data had been validated.

Lipper, which provides fund performance research ​and data, has removed the fund from its current weekly flow report while ​the review is under ‌way, a spokesperson said.

The fund data provider said it was reviewing the ⁠transaction to determine whether the reported movement reflected a transfer or another operational event.

On Friday Lipper data ⁠showed that U.S. investment-grade bond funds recorded $7.1 billion in ​net outflows during the week, the largest weekly withdrawal on record, after suffering a record one-day outflow of $8.2 ‌billion on July 20.

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 on Friday.

(Reporting by Mrinmay Dey in Mexico City, Editing by Louise ‌Heavens)

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