Flows are rotating into Defense & Logistics Cohort while Cross-Sector Innovation & Services weakens

🇪🇺 A clear flow shift is underway, with inflows into defense and logistics themes sharply surpassing outflows, signaling a tilt toward risk-off positioning. The $DANSKE-CO-led cohort attracted over $20 billion, while the largest outflow from the Cross-Sector Innovation & Services theme, led by SAP-DE, hit nearly $17.4 billion. This divergence underscores a move away from broad sector innovation toward more defensive, logistics, and premium spirits exposures. This pattern suggests traders are reallocating toward themes perceived as more resilient amid ongoing volatility. The next test is whether the defense & logistics inflow sustains or if outflows in other sectors resume, which would confirm a more persistent risk-off posture. Watch how the flow dynamics evolve in the coming sessions to gauge if this is a fleeting shift or a broader market recalibration.