* Asset Class Flows
- Equities: $2.6bn outflows (2nd straight week) (note $3.1bn mutual fund outflows vs $0.5bn ETF inflows)
- Bonds: $0.4bn outflows (first outflows in 5 weeks)
- Precious metals: eke out tiny $32mn inflows (smallest in 12 weeks)
- Money-markets: $13.6bn outflows (5 straight weeks)
* Equity Flows
- Europe: $2.0bn outflows (8 straight weeks = longest streak since May’13)
- Japan: $1.1bn outflows (largest since Oct’15)
- EM: $0.6bn outflows (ends 3 straight weeks of inflows)
- US: modest $0.6bn inflows (inflows in 3 of past 4 weeks)
- By sector: healthcare outflows in 11 of past 13 weeks ($1.0bn outflows); 6 straight weeks of REITS inflows ($0.5bn)
* Fixed Income Flows
- $0.8bn outflows from HY bond funds (first outflows in 6 weeks)
- $1.6bn outflows from Govt/Tsy funds (6 straight weeks)
- $0.7bn inflows to IG bond funds (4 straight weeks)
- 6 straight weeks of inflows to EM debt funds ($0.4bn)
- 7 straight weeks of inflows to TIPS ($95mn)
- 28 straight weeks of inflows to Munis ($0.7bn)