Flows are rotating into Industrial & Infrastructure Growth while Specialty Chemicals & Healthcare Cohort weakens

🇪🇺 A flow shift toward industrial and infrastructure assets is gaining momentum, but caution is warranted as sector rotations remain uneven. Today, inflows into $STMPA-PA topped $8.78 billion, confirming strong investor interest in growth themes. Meanwhile, outflows from specialty chemicals and healthcare, led by LISN-SW with nearly $4 billion, continue to drain liquidity from defensive sectors. This divergence signals a potential rebalancing, but the overall flow count remains mixed with 25 inflows against 16 outflows, suggesting selective positioning rather than broad conviction. The next key test will be whether the inflow into STMPA-PA sustains and spreads beyond the leader, or if the rotation stalls, leaving the market vulnerable to sector-specific reversals.