>>> Asset Class Flows
- Equities: muted $0.5bn inflows (first inflows in 5 weeks) (note divergence between $4.8bn ETF inflows & $4.3bn mutual fund outflows)
- Bonds: $14.4bn inflows (largest since Feb’15)
- Precious metals: $4.1bn inflows (largest on record – data since 2005 – Chart 4) (inflows in 24 of past 26 weeks)
- Money-markets: $14.3bn inflows (largest in 4 weeks)
>>> Equity Flows
- Europe: 22 straight weeks of outflows ($4.4bn)
- UK equity funds see $1.1bn outflows (largest since Jan’15) (outflows in 10 of past 11 weeks)
- US: $3.3bn inflows (largest in 13 weeks)
- EM: tiny $0.1bn inflows (first inflows in 4 weeks)
- Japan: tiny $83mn inflows (inflows in 7 of past 9 weeks)
- By sector: largest financials outflows ($1.2bn) in 21 weeks; largest tech inflows ($0.4bn) in 13 weeks
>>> Fixed Income Flows
- Largest EM debt inflows ($3.4bn) on record (data since 2004 – Chart 3)
- Largest HY bond inflows ($2.8bn) in 16 weeks
- Largest Govt/Treasury inflows ($3.3bn) in 24 weeks
- 18 straight weeks of inflows to IG bond funds ($3.2bn)
- 42 straight weeks of inflows to Munis ($1.0bn)
- Inflows to TIPS in 19 of past 21 weeks ($0.3bn)