Flows are rotating into Defense & Logistics Cohort while Energy Sector Consolidation weakens

🇪🇺 A notable flow shift is underway as defense and logistics stocks surge while energy sector outflows accelerate, signaling a potential rotation. The $DANSKE-CO-led defense cohort attracted $39.52B, contrasting sharply with a $10.05B exit from ENI-MI in energy. This pivot suggests traders are favoring more defensive themes amid ongoing sector consolidation, even as energy remains under pressure. The divergence is stark: inflows into defense and logistics outweigh energy outflows by a wide margin, with the top inflow theme centered on DANSKE-CO. The confirmation comes from the broad-based bid in defense, indicating a shift in risk appetite. Next, watch whether this defensive bias persists as energy outflows remain elevated, or if market leaders like ENI-MI stabilize and shift the flow back toward energy themes.