Flows are rotating into WLN.PA while QLT.L weakens

🇪🇺 A clear flow reversal is underway, with inflows surpassing outflows for the first time in days, signaling a potential shift in investor sentiment. The dominant move is toward $WLN-PA, which attracted a $6.29 billion bid, while QLT-L led the exits with a $4.02 billion outflow. This marks a significant departure from recent defensive and sector-agnostic exits, suggesting a cautious pivot toward more selective bets. The key takeaway is that the market is now favoring specific themes over broad defensive plays, but the overall flow count remains limited - only 25 outflows versus 17 inflows - indicating this is still a contained rotation, not a broad consensus. Next, watch whether the inflow momentum into WLN-PA sustains and if other sector leaders begin to confirm this shift with broader participation. Until then, the move remains selective, not yet a market-wide change.