Flows are rotating into SAF.PA while Energy Transition & Infrastructure weakens

🇪🇺 Equities are seeing a clear shift toward broad-based inflows, but the dominant flow is concentrated in a single theme - $SAF-PA. Today’s activity shows inflows of $151M into SAF.PA, confirming a strong bid for the theme led by SAF-PA, while outflows from energy transition and infrastructure funds like VER-VI hit $19M. Despite the broad count of 36 active flows, the real driver remains the rally in SAF.PA. This divergence signals a market focus on safety and stability, with inflows funneling into the top theme, and a notable retreat from energy transition plays. The confirmation comes from the volume in SAF.PA, which dwarfs other inflows and outflows. Next, watch whether the inflow momentum sustains, or if the energy transition theme regains footing amid ongoing sector rotation.