Flows are rotating into Cross-Sector Resource & Industrial Metals while BGL.AX weakens

🇯🇵 A clear flow shift is underway, with inflows in industrial metals and resource sectors offsetting a large $164M exit from BGL.AX. The dominant move shows investors are pulling out of the mining theme while reallocating into broader resource and industrial names, signaling a potential rotation rather than outright risk aversion. The top inflow into Cross-Sector Resource & Industrial Metals confirms this shift, with $CIA-AX attracting +$102M, while the biggest outflow remains concentrated in BGL.AX. This divergence suggests a move away from specific miners toward more diversified resource exposures. The next test is whether this inflow persists beyond today’s snapshot, which would reinforce a broader sector rotation rather than a temporary repositioning.