Flow balance was mostly unchanged last week with the staple index funds (SPY, QQQ, etc.) raking in the largest share of in-flows. About half of positive flows over the past month have been distributed between Large/Mid-Cap and Broad Equity. US Government funds have gained some ground and now make up 28% of in-flows on a rolling 1-month basis.
Treasury fund flows continue to be strong totaling well over $14 billion on a rolling 1-month basis.
Inflation friendly funds have mostly seen investors pulling out with TIPS being the noteworthy exception. In sum, inflation friendly funds lost over $2.7 billion over the past 5 trading days.
Credit saw some positive flows last week after a 2+ week losing streak with several billion dollars in out-flows.
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