Flows are rotating into Industrial Tech & Materials while Japan's Industrial and Financial Cohort weakens

🇯🇵 A clear flow reversal is underway, with inflows now outpacing outflows for the first time in recent sessions, signaling a tentative shift in market mood. The top inflow theme, Industrial Tech & Materials, has attracted over $685 billion, driven by leader $6471-T, while the largest outflow remains concentrated in Japan’s Industrial and Financial Cohort, led by $1812-T, which shed nearly $94 billion. This suggests investors are pivoting away from Japan-centric financials toward more tangible industrial growth. The key now is whether this inflow momentum sustains beyond a single cluster. The confirmation comes from Industrial Tech & Materials holding its inflow lead, with $6471-T showing resilience. Should broader participation emerge, this could mark a turning point away from the previous risk-off posture. Watch for continued inflows into industrial and materials themes, as that will determine if the shift gains traction or remains a one-off move.