>>> Asset Class Flows
* Equities: $5.4bn outflows (note divergence between $3.0bn ETF inflows & $8.4bn mutual fund outflows)
* Bonds: chunky $7.9bn inflows (inflows in 15 of past 17 weeks)
* Precious metals: largest outflows since Dec’15 ($0.5bn) (first outflows in 9 weeks)
>>> Equity Flows
* Europe: $4.2bn outflows (25 straight weeks of outflows)
* EM: modest $0.4bn inflows (4 straight weeks)
* Japan: $0.7bn outflows (2 straight weeks)
* US: small $0.4bn outflows
* By sector: 4 straight weeks of inflows to REITs ($0.1bn); largest outflows from healthcare in 4 weeks ($0.4bn)
>>> Fixed Income Flows
* $3.4bn inflows to EM debt funds ($14bn inflows past 4 weeks =largest on record)
* $0.7bn inflows to HY bond funds (4 straight weeks)
* $3.2bn inflows to IG bond funds (inflows in 20 of past 21 weeks)
* 45 straight weeks of inflows to Munis ($0.7bn)
* 7 straight weeks of inflows to TIPS ($0.3bn)
* $0.6bn outflows from Govt/Treasury funds (outflows in 4 of past 5 weeks)