Jul. 23 at 4:23 PM
Fund flows were all over the map this week. 🤷♀️
Money moved into pharma and Austrian stocks, while investors pulled hundreds of millions from small caps, real assets, and intermediate Treasuries:
⬆️
$FTXH: +
$17.05M
A smart-beta portfolio of U.S. pharmaceutical stocks.
⬆️
$EWO: +
$16.82M
A single-country bet on Austrian equities.
⬇️
$PSC.X: -
$322.72M
A rules-based U.S. small-cap strategy focused on factors including shareholder yield, pricing power, and momentum.
⬇️
$RAAX: -
$172.51M
A mix of real assets such as commodities, infrastructure, real estate, and natural-resource stocks.
⬇️
$XFIV: -
$62.93M
U.S. Treasuries targeting roughly five years of duration.
The biggest move here wasn’t into the week’s hottest theme. It was more than
$322M leaving small caps. 😱
Rotation, risk reduction, or investors clearing room for something else? 👀
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