--> a week of solid asset market inflows...$13bn into bonds, $6bn into equities, $2bn into gold
>>> Asset Class Flows
- Bonds: 7 straight weeks of inflows ($13.3bn)
- Equities: 6 straight weeks of inflows ($6.3bn) ($7.8bn ETF inflows vs $1.4bn mutual fund outflows)
- Precious metals: $1.9bn inflows (inflows in 3 of past 4 weeks)
- Money-markets: $10.2bn outflows
>>> Equity Flows
- EM: 5 straight weeks of inflows ($1.0bn)
- Japan: 5 straight weeks of inflows ($3.4bn)
- Europe: small $0.1bn inflows (3 straight weeks)
- US: $1.6bn outflows (outflows in 4 of past 5 weeks)
- By sector: $1.9bn inflows to US value funds vs $1.0bn outflows from US growth funds; 4 straight weeks of outflows from REITs ($0.4bn); inflows to materials in 13 of past 14 weeks ($2.4bn); inflows to energy in 9 of past 10 weeks ($0.4bn)
>>> Fixed Income Flows
- Inflows to HY bond funds in 10 of past 11 weeks ($1.9bn)
- Inflows to EM debt funds in 5 of past 6 weeks ($2.5bn)
- 7 straight weeks of IG bond inflows ($7.6bn)
- 13 straight weeks of inflows to bank loan funds ($1.2bn)
- 9 straight weeks of inflows to TIPS funds ($1.0bn)
- $0.9bn outflows from govt/tsy funds