* Asset Class Flows
- Equities: biggest weekly inflows YTD ($20.1bn) (note $23bn ETF inflows vs $3bn mutual fund outflows)
- Bonds: $6.5bn inflows (11 straight weeks)
- Precious metals: $1.0bn outflows (3 straight weeks)
* Equity Flows
- Europe: $5.4bn inflows (10 straight weeks) ($1.4bn into HEDJ ETF) – the crowded trade
- Japan: $0.6bn inflows (4 straight weeks)
- EM: $2.7bn outflows (3 straight weeks)
- US: $14.1bn inflows (first inflows in 5 weeks) (note divergence between $18bn
- ETF inflows and $4bn MF outflows)
* Fixed Income Flows
- Second straight week of outflows from EM debt funds ($0.4bn)
- 36 straight weeks of outflows from bank loan funds ($0.2bns)
- Modest $0.3bn inflows to HY bond funds
- 65 straight weeks of inflows to IG bond funds ($5.1bn)
- Chunky $1.2bn inflows to govt/tsy funds (largest in 6 weeks)
- 22 straight weeks of inflows to MBS funds ($0.3bn)
- $0.3bn inflows to TIPS funds (largest in 5 weeks)