(BofA-ML) Flow Show

>>> Asset Class Flows
* Equities: $4.3bn inflows (first inflows in 3 weeks) (note $6.8bn ETF inflows vs $2.5bn mutual fund outflows)
* Bonds: strong $8.0bn inflows (largest in 12 months) (inflows in 5 of past 6 weeks)
* Precious metals: modest $0.3bn inflows (13 straight weeks)

>>> Equity Flows
* Europe: $0.7bn outflows (9 straight weeks = longest streak since May’13)
* Japan: $1.0bn outflows (4 straight weeks) (longest outflow streak since Sep’12)
* EM: $0.6bn outflows (2 straight weeks)
* US: $5.4bn inflows (inflows in 4 of past 5 weeks)
* By sector, largest inflows to REITs since May’13 ($1.7bn); 4 straight weeks of outflows from financials ($0.3bn)

>>> Fixed Income Flows
* $1.8bn outflows from Govt/Tsy funds (7 straight weeks)
* Big $1.1bn inflows to TIPS (largest since Apr’15) (8 straight weeks)
* Largest EM debt fund inflows since Jun’14 ($2.0bn) (7 straight weeks)
* $4.0bn inflows to IG bond funds (5 straight weeks)
* $1.2bn inflows to HY bond funds (inflows in 6 of past 7 weeks)
* 29 straight weeks of inflows to Munis ($0.8bn)