>>> Asset Class Flows
* Equities: $5.9bn inflows (largest in 11 weeks) (note continued divergence between $8.0bn ETF inflows and $2.2bn mutual fund outflows)
* Bonds: $3.0bn inflows (propped up by strong IG inflows)
* Precious Metals: modest $0.3bn outflows
>>> Equity Flows
* EM: 3 straight weeks of inflows ($1.2bn)…once again led by chunky $2.5bn inflows to China equity funds
* US: modest $0.9bn inflows (largest inflow in 11 weeks; all inflows via ETFs)
* Japan: small inflows ($0.1bn) (inflows in 14 out of past 15 weeks)
* Europe: $0.8bn inflows (3 straight weeks, but momentum waning – Chart 5)
>>> Fixed Income Flows
* Largest weekly outflows from EM debt funds in 19 weeks ($0.7bn)
* 6 straight weeks of outflows from govt/tsy funds ($1.6bn)
* 4 straight weeks of inflows to bank loan funds (albeit modest $98mn)
* 76 straight weeks of inflows to IG bond funds ($4.1bn)
* $0.8bn inflows to HY bond funds (3 straight weeks)