>>> Asset Class Flows
- Equities: $4.6bn outflows (3 straight weeks) (note divergence between $2.1bn ETF inflows & $6.8bn mutual fund outflows)
- Bonds: big $10.2bn inflows (largest since Feb’15) (inflows in 16 of past 18 weeks)
- Precious metals: $1.8bn inflows (inflows in 9 of past 10 weeks)
>>> Equity Flows
- Europe: $3.9bn outflows (26 straight weeks of outflows)
- EM: $1.4bn inflows (5 straight weeks = longest inflow streak since Sep’14)
- US: $3.0bn outflows (3 straight weeks)
- Japan: $0.1bn inflows
- By sector: largest inflows to REITs in 8 weeks ($0.7bn) (5 straight weeks)
>>> Fixed Income Flows
- $2.2bn inflows to EM debt funds ($16.6bn inflows past 5 weeks = largest on record)
- Chunky $3.3bn outflows from HY bond funds (first outflows in 5 weeks)
- $9.2bn inflows to IG bond funds (largest since Oct’14) (inflows in 21 of past 22 weeks)
- 46 straight weeks of inflows to Munis ($1.0bn)
- Largest inflows to TIPS in 13 weeks ($0.4bn) (8 straight weeks)
- Small $0.1bn outflows from Govt/Treasury funds (4 straight weeks)