Flows are rotating into Cross-Sector Defensive Cohort while ALTR.LS weakens

🇪🇺 A clear flow shift is underway, with defensive sectors dominating today’s activity while cyclical themes exit en masse. The market’s largest move sees $ALTR-LS unloading over $30 billion, signaling a significant retreat from tech-oriented growth. Meanwhile, the Cross-Sector Defensive Cohort, led by ALFA-ST, has attracted over $43 billion in inflows, confirming a broad move into defensive positioning. This pattern underscores a risk-off tone, with investors flocking to safety amid uncertainty. The next key test will be whether the defensive flow sustains or if cyclical names like VOD-L and ADM-L manage to stabilize their exits. Confirmations from continued inflows into the defensive theme would reinforce the shift’s durability and signal a cautious recalibration of risk appetite.