Cumulative Daily Equity ETF Flows Equity ETF flows show no sign of slowing: 2026 is smashing every historical comparison, and July’s volatility barely dented risk appetite. Investors remain firmly all-in on equities. Image: Strategas Asset Management
Risky vs. Safe Assets Fund Flows As confidence returns, cash is pouring into risk assets while safer funds sit on the sidelines, pointing to a robust appetite for higher-return bets. Image: Goldman Sachs Global Investment Research
Median Monthly Flow into Equity Mutual Funds and ETFs as a % of Total AUM August rivals May as the worst month for equity outflows from mutual funds and ETFs. As geopolitical risk builds, should investors start buying protection?. Image: Goldman Sachs Global Investment Research
U.S. Tech Sector Flows Despite the pullback in tech names, the money isn’t leaving: Tech inflows persist and semi ETFs are still seeing heavy volume. This looks like a consolidation, not the end of the tech/AI trade. Image: Strategas Asset Management
Sector Fund Flows Tech funds enjoyed strong inflows over the past year, driven by AI hype, but those flows are reversing as investors reassess valuations, rates and market risk. The tech story isn’t over; it’s just a crowded trade losing momentum. Image: Deutsche Bank Asset Allocation
Sector Fund Flows Despite the selloff, semiconductors have seen heavy inflows over the past few weeks. That looks more like dip buying than broad risk aversion. Will it last? Image: Deutsche Bank Asset Allocation
Cumulative Flows to Cryptocurrency Funds For two straight months, crypto funds have faced relentless outflows, with Bitcoin vehicles taking the heaviest hits. Now the flow picture is improving as buyers step back in. Image: Deutsche Bank Asset Allocation
Crypto Fund Flows Crypto funds have endured persistent outflows over the past two months, with Bitcoin vehicles taking most of the selling pressure. Last week, however, inflows ticked higher, offering a small boost of optimism. Image: Deutsche Bank Asset Allocation
Capex to Operating Cash Flow for U.S. and China Hyperscalers U.S. hyperscalers are on track to spend more than their operating cash flow in 2027. The market is no longer asking whether they can pay for it, but whether the AI spending will eventually deliver returns. Image: Goldman Sachs Global Investment Research
Semiconductor Earnings vs. Hyperscaler Free Cash Flows Semiconductor earnings are riding the AI capex wave, but hyperscaler free cash flow is taking a hit as spending on chips, data centers, and networking accelerates. Image: Goldman Sachs Global Investment Research
Hyperscaler Capex, Operating Cash Flow and Free Cash Flow Big Tech’s five hyperscalers are now investing beyond their operating cash flow. The narrative has flipped from “can they afford it?” to whether the AI buildout can justify the bill. Image: Deutsche Bank