>>> Asset Class Flows
- Bonds: 10 straight weeks of inflows ($9bn)
- Equities: 9 straight weeks of inflows ($9.8bn) ($12.9bn ETF inflows vs $3.2bn mutual fund outflows)
- Precious metals: 5 straight weeks of inflows ($0.2bn)
>>> Equity Flows
- EM: first outflows in 8 weeks ($0.6bn)
- Japan: 8 straight weeks of inflows ($0.7bn)
- Europe: $1.7bn outflow, largest in 13 weeks
- US: $6.7bn inflows (inflows in 4 of past 5 weeks)
- By sector: largest inflow to utilities in 35 weeks ($0.4bn); largest inflows to REITs in 7 weeks ($0.2bn); 8 straight weeks of inflows to materials ($0.7bn); inflows to energy 6 of the last 7 weeks ($0.4bn); 8 straight weeks of inflows to infrastructure ($0.1bn); only sector losers are tech, financials & healthcare.
>>> Fixed Income Flows
- Inflows to HY bond funds in 13 of past 14 weeks ($1.4bn)
- Inflows to EM debt funds in 8 of past 9 weeks ($0.9bn)
- 10 straight weeks of IG bond inflows ($6.5bn)
- 16 straight weeks of inflows to bank loan funds ($1bn)
- 12 straight weeks of inflows to TIPS funds ($0.6bn)
- Largest outflows from govt/tsy funds in 10 weeks ($1.4bn)