>>> Equity Flows
* Europe booming: $2.6bn inflows (inflows in 23 out of past 25 weeks)
* Japan: modest $0.6bn inflows (3 straight weeks)
* EM: $1.2bn outflows (first outflows in 4 weeks)
* US: small $0.5bn outflows (first outflows in 4 weeks) (note: $7.1bn ETF inflows & $7.6bn mutual fund outflows)
* By sector: financials report biggest inflows ($1.6bn) in 4 months; REITs report biggest inflows ($1.0bn) in 7 months; tech report biggest inflows since Feb’14 ($0.9bn); outflows from healthcare & utilities
>>> Fixed Income Flows
* $3.6bn inflows to HY bond funds (4 straight weeks)
* $1.7bn inflows to IG bond funds (largest in 13 weeks)
* $2.1bn outflows from Govt/tsy funds (largest in 20 weeks)
* $1.2bn outflows from EM debt funds (outflows in 14 out of 15 weeks)
>>> Asset Class Flows
* Equities: ekes out $2.0bn inflows (smallest in 4 weeks) (belies divergence between $7.9bn ETF inflows and $5.9bn mutual fund outflows); ETFs via XLF, IWM, FDN, HEDJ
* Bonds: $2.3bn inflows (4 straight weeks)
* Precious metals: largest outflows in 13 weeks ($0.7bn)