Flows are rotating into AGN.AS while Integrated Energy & Banking Cohort weakens

🇪🇺 A sharp flow reversal underscores a move away from energy and banking themes, with $AZM-MI leading a $1.47B exit amid broad sector de-risking. Meanwhile, inflows surged into AGN-AS, drawing in $2.37B, signaling a clear rotation toward defensive equities. The divergence between the largest outflow and inflow points to a cautious stance on cyclicals while defensive plays gain momentum. The confirmation comes as AGN-AS's inflow exceeds the combined outflows from energy, banking, and defensive cohorts, reinforcing the shift. Next, watch whether this rotation sustains or if energy and financials attempt to regain footing, especially as broader macro cues evolve. This flow pattern suggests traders are favoring stability over cyclical exposure for now.