(BofA-ML) The Flow Show : Going Long Long-Only

>>> Asset Class Flows
- Equities: 7 straight weeks of inflows (big $17.7bn) ($17.2bn ETF inflows and $0.5bn mutual fund inflows) (first weekly
mutual fund inflows in 12 months!)
- Bonds: 8 straight weeks of inflows ($6.7bn)
- Precious metals: $1.2bn inflows (inflows in 4 of past 5 weeks)
- Money-markets: $11.2 outflows

>>> Equity Flows
- EM: largest EM equity fund inflows in 6 months ($2.7bn) (mostly via Global EM funds)
- Japan: 6 straight weeks of inflows ($0.9bn)
- Europe: tiny $73mn inflows (4 straight weeks)
- US: $8.6bn inflows (largest in 9 weeks)
- By sector: strong $2.3bn inflows to financial funds (largest in 13 weeks); largest inflows to consumer funds in 2 years ($1.1bn); inflows to materials in 14 of past 15 weeks ($0.8bn); inflows to energy in 10 of past 11 weeks ($0.5bn)