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

🇪🇺 A clear flow shift is underway, with inflows outpacing outflows and a notable concentration in a single theme. The market is seeing a strong bid for SAF.PA, supported by $122M in new buying, while energy transition names like $VER-VI are shedding $16M, signaling a potential rotation away from infrastructure themes. The dominant flow confirms a shift toward European utility and renewable plays, but the heavy inflow into SAF.PA suggests a more selective move rather than broad sector confidence. The key test now is whether this inflow sustains beyond the initial bid, especially as the energy transition remains a volatile theme. The market's next move hinges on whether SAF.PA can hold its bid and attract additional participation or if the outflows from VER-VI and related themes will accelerate. Watch for a broadening in flow activity - confirmation that the market is transitioning from concentrated bets to more widespread conviction.