Flows are rotating into DSV.CO while Transport & Infrastructure Cohort weakens

🇪🇺 Equities are seeing a notable flow reversal with outflows edging ahead of inflows for the first time in recent sessions, signaling caution. The outflow count has reached 33, outpacing 27 inflows, with the largest exit stemming from the Transport & Infrastructure Cohort, led by $AENA-MC, which shed $1.36 billion. Meanwhile, DSV-CO attracted a strong bid, with inflows of $734 million, confirming its role as the dominant buyer today. This shift underscores a potential rotation away from transport infrastructure and toward defensive or industrial sectors, with the top inflows concentrated in aerospace and defense. The confirmation test hinges on whether DSV-CO can sustain its bid strength, which would reinforce the current flow theme. Next, watch if the outflows from transport continue to widen or if the bid for DSV-CO holds steady, signaling whether the market is consolidating or shifting its focus.