Flows are rotating into ASB.AX while Cross-Sector Resource & Industrial Metals weakens

🇯🇵 A notable flow shift signals a cautious turn away from resource and industrial metals, with a $30M exit from the $CIA-AX theme dominating today’s activity. This outflow underscores a potential pause or reassessment among traders, even as inflows into the ASB-AX theme hold at $5M. The divergence hints at a narrowing of participation, with the broader market possibly losing momentum in the resource sector. The largest outflow from Cross-Sector Resource & Industrial Metals, led by CIA-AX, contrasts sharply with the modest $5M inflow into ASB-AX, which remains the top bid. This suggests a selective retreat rather than broad liquidation, while the inflows into ASB-AX point to a focused move rather than a market-wide shift. Next, watch whether inflows into ASB-AX sustain or fade, as a decline could confirm a broader pause in sector leadership.