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

🇯🇵 Equities are seeing a clear flow shift away from Japan's Industrial and Financial Cohort, with a massive outflow of $73.72 billion, signaling waning confidence in that theme. Meanwhile, industrial tech and materials are experiencing a robust inflow of $676.80 billion, underscoring renewed investor interest in the sector. This divergence suggests a rotation out of Japan-focused plays and into industrial manufacturing and tech, with the latter showing broad confirmation through inflows across multiple related themes. The next key test is whether industrial tech and materials can sustain their momentum and confirm a broader group-wide conviction.