Flows are rotating into AI Infrastructure & Innovation while UDR weakens

🇺🇸 A clear flow shift is underway, with inflows into AI Infrastructure & Innovation now outpacing outflows, signaling a potential rotation away from real estate. Today, $NBIS (Nebius Group N.V.) drew the largest inflow at +$47M, while UDR faced a $40M exit, marking a notable reversal from recent steady outflows. The broadening of inflows into tech-focused themes suggests a shift in trader interest, but the overall market remains cautious as outflows still outnumber inflows by 124 to 140. The key takeaway is that the tech sector, led by NBIS, is gaining traction amid persistent real estate liquidations. Confirmation comes from the inflow spike in AI Infrastructure & Innovation, which now shows signs of stabilizing. Next, watch whether tech inflows sustain and broaden beyond NBIS, or if real estate outflows resume dominance, which would signal continued caution.