Flows are rotating into ASB.AX while BGL.AX weakens

🇯🇵 A clear shift is underway with inflows into $ASB-AX overshadowing recent outflows from BGL-AX, signaling a potential rotation but with caution. The standout is the $6 million bid into ASB, contrasting sharply with the $381K exit from BGL, which has led to a narrowing of the flow gap. This suggests investors may be reassessing the relative appeal of these themes, but the overall flow count remains thin with just five active moves, emphasizing a cautious tone. The top inflow into ASB confirms strong buying interest, while the large outflow from BGL raises a red flag. The flow spread hints at a possible pivot, but the small number of active clusters means broad market participation remains limited. The next move hinges on whether this inflow can sustain and translate into a broader confirmation or if the outflows from BGL persist, keeping the sector under pressure.