>>> Asset Class Flows
* Equities: small $0.2bn inflows (ends 8 straight weeks of inflows)
* Bonds: $4.8bn inflows (largest since Jul’15)
* Precious metals: strong $2.1bn inflows (biggest 4w inflows in 7 years)
* Money-markets: $0.7bn outflows
>>> Equity Flows
* Europe: $1.7bn outflows (4 straight weeks = worst 4w period since Oct’14)
* Japan: tiny inflows for second straight week ($89mn)
* EM: small $0.2bn outflows (18 straight weeks)
* US: small $0.6bn outflows (outflows in 12 of past 13 weeks)
* By sector: first inflows to healthcare/biotech in 9 weeks ($0.2bn); utilities see 8th straight week of inflows
>>> Fixed Income Flows
* Monster $5.8bn inflows to HY bond funds (largest on record in absolute terms) (largest since Jul’13 as % of AUM)
* $0.5bn inflows to EM debt funds (largest since May’15)
* 24 straight weeks of inflows to Munis ($0.5n)
* $2.4bn outflows from Govt/Tsy funds (largest in 16 weeks)
* $0.8bn outflows from IG bond funds (outflows in 6 of past 7 weeks)
* 18 straight weeks of outflows from bank loan funds ($0.1bn)