- largest precious metal inflows in 5 months ($1.3bn), 4th consecutive week of bond inflows ($4.5bn), and a week of modest $1.7bn equity inflows
>>> Asset Class Flows
- Equities: $1.7bn inflows ($1.7bn mutual fund outflows vs $3.4bn ETF inflows)
- Bonds: $4.5bn inflows (4 straight weeks)
- Precious metals: first inflows in 10 weeks
>>> Equity Flows
- Japan: strong $2.5bn inflows
- Europe: $0.7bn outflows (largest in 6 weeks)
- EM: small inflows of $64mn (2 straight weeks)
- US: $2.5bn outflows (outflows in 4 of past 5 weeks)
- By sector: first outflows from financials in 17 weeks ($0.7bn); first outflows from tech in 6 weeks ($0.1bn); inflows to energy in 6 of past 7 weeks ($0.4bn); inflows to materials in 10 of past 11 weeks ($0.2bn)
>>> Fixed Income Flows
- First outflows from HY bond funds in 8 weeks ($0.3bn)
- First govt bond inflows in 6 weeks ($1.0bn – largest in 6 months)
- 4 straight weeks of IG bond inflows ($2.2bn)
- 10 straight weeks of inflows to bank loan funds ($0.7bn)
- 6 straight weeks of inflows to TIPS funds ($0.3bn)
- 3 straight weeks of inflows to EM debt funds ($0.4bn)