>>> Asset Class Flows
* Equities: $4.0bn inflows (5 straight weeks) (all via ETFs, e.g. EFA, IWM & IWB)
* Bonds: $6.4bn outflows (first outflows in 5 weeks)
* Precious metals: 3 straight weeks of outflows ($0.6bn)
* Money-markets: $9.1bn inflows ($105bn inflows over past 6 weeks)
>>> Equity Flows
* Europe booming: $1.7bn inflows (inflows in 24 of past 26 weeks)
* Japan: small $0.1bn outflows (first outflows in 4 weeks)
* Chart 4: Weekly flows to Govt bond funds ($bn)
* Source: BofAML Global Investment Strategy, EPFR Global
* EM: $2.2bn outflows (largest in 9 weeks)
* US: small $0.3bn outflows (note: $2.6bn ETF inflows vs $2.9bn mutual fund outflows)
By sector: financials see 4 straight weeks of inflows ($0.2bn); tech sees 5 straight weeks of inflows ($0.5bn); outflows from utilities ($0.5bn)
>>> Fixed Income Flows
* Big $4.0bn outflows from Govt/tsy funds (largest since Jun’14)
* $2.0bn outflows from EM debt funds (largest in 10 weeks) (outflows in 15 of 16 weeks)
* Modest $0.5bn outflows from HY bond funds (first outflows in 5 weeks)
* IG bond funds eke out small $0.4bn inflows (5 straight weeks)