Same Trends with Equities over bonds once again ($4.4bn inflows vs $1.7bn outflows). 2013 flow streaks alive & well: precious metals still shunned; MBS/Munis/EM debt sold; European equities bought and floating-rate debt records incredible 80 straight weeks of inflows. For Equities all inflows have been recorded via ETFs, with Europe, US and Japan still considered as sweet spot while outflows on EM is still alive with 10 straight weeks of outflows (longest outflow streak since Oct’11).
>>> Asset Class Flows
* Equities: $4.4bn inflows (all via ETF’s – IWM, XLF, QQQ)
* Bonds: 5 straight weeks of outflows ($1.7bn) (Table 1)
* Commodities: 8 straight weeks of outflows ($0.8bn)
>>> Equity Flows
* EM: 10 straight weeks of outflows (longest outflow streak since Oct’11) (Table 3)
* Europe: 27 straight weeks of inflows ($1.7bn)
* Solid inflows into both Japan ($0.5bn) and US ($2.8bn)
>>> Fixed Income Flows
* First inflows to TIPS funds in 38 weeks!
* 80 straight weeks of inflows to floating-rate debt (Table 2)
* 14 straight weeks of outflows from Munis ($1.2bn)
* 14 straight weeks of outflows from EM debt
* 33 straight weeks of outflows from MBS
* Modest inflows to both IG & HY bonds funds ($1.4bn combined)