>>> Asset Class Flows
- Equities: $6.1bn outflows (note divergence between $18.6bn mutual fund outflows and $12.5bn ETF inflows)
- Bonds: $13.1bn outflows (largest since Jun’13)
- Money-markets: $41bn outflows (first outflows in 11 weeks)
- Precious metals: modest $0.2bn outflows
>>> Fixed Income Flows
- Huge $5.3bn outflows from HY bond funds (largest in 12 months)
- Huge $1.8bn outflows from bank loan funds (largest in 12 months) (outflows in 19 of past 20 weeks)
- $2.2bn outflows from EM debt funds (largest in 15 weeks) (outflows in 20 of 21 weeks)
- $3.3bn outflows from IG bond funds (outflows in 4 of past 5 weeks) (2nd biggest in 2 years)
- Small $0.3bn outflows from Govt/Tsy funds (outflows in 9 of past 10 weeks)
- Munis eke out inflows for 13th straight week (albeit tiny $12mn)
- Likewise, TIPS eke out inflows for 5th straight week (albeit tiny $47mn)
>>> Equity Flows
- EM: 7 straight weeks of outflows ($1.3bn)
- US: $4.2bn outflows (all via mutual funds)
- Europe: $0.6bn inflows (smallest in 11 weeks) (inflows in 29 of past 31 weeks)
- Japan: $0.3bn inflows (3 straight weeks)