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

🇪🇺 A sharp flow reversal is underway as $DANSKE-CO's $23.15B inflow dwarfs the $10.06B exit from energy sector consolidation led by ENI-MI. The market is shifting away from energy and cross-sector innovation outflows toward defense and logistics, which now dominate inflows. This signals a notable rotation into defensive themes amid ongoing sector divergence. The dominant flow switch confirms a broadening of interest into defense, with DANSKE-CO leading a cohort that has attracted significant fresh money. Meanwhile, energy remains under pressure, with ENI-MI's exit a clear warning. The next test is whether this defense-led inflow sustains, or if energy and innovation themes regain momentum.