Flows are rotating into Aerospace & Defense Focus while DLN.L weakens

🇪🇺 Equities are seeing a notable flow reversal with inflows edging outflows for the first time in recent sessions, signaling cautious optimism but with a clear warning. The total active clusters stand at 60, with inflows at 28 and outflows at 32, indicating a tentative shift but still a predominantly cautious stance. The standout move is in aerospace and defense, where $AVIO-MI attracted $645M, reversing the theme’s recent outflow pattern. Meanwhile, DLN-L led the outflows with a $911M exit, underscoring ongoing sector rotation risks. The confirmation comes as the aerospace & defense focus theme confirms buyer interest, suggesting traders may be positioning for a potential bottom or a pause in the recent declines. Next, watch whether inflows broaden into other themes or remain concentrated in select leaders, which will clarify if this is a genuine shift or a fleeting bounce.