>>> Asset Class Flows
- Equities: $10.8bn inflows (largest in 3 months) (note $15bn ETF inflows vs $4bnmutual fund outflows)
- Bonds: $10.3bn outflows (largest in 2 years)
- Commodities: modest $0.3bn outflows
>>> Equity Flows
- Japan: big $3.5bn inflows (inflows in 16 out of past 17 weeks)
- EM: $2.2bn outflows (mostly via ETF’s)
- Europe: $1.8bn inflows (largest in 4 weeks)
- US: $6.0bn inflows (largest in 13 weeks)
>>> Fixed Income Flows
- First IG bond outflows ($2.1bn) in 78 weeks!
- Biggest HY bond outflows since Dec’14 ($4.0bn)
- $2.8bn outflows from govt bond funds (8 straight weeks and longest outflow streak since Oct’13)
- Surprisingly modest outflows from EM debt funds ($0.2bn)
- Chunky outflows from munis ($0.7bn) and bank loans ($0.6bn)
- Only MBS funds eke out tiny $53mn inflows this week