Equities Flows
- Moderate inflows into US large-cap tech
• Continued rotation into energy sector
• Outflows / ضعف اهتمام in small caps
Fixed Income Flows
- Selective demand for short-duration
• Limited conviction in extending duration
Commodities Positioning
- النفط: positioning أصبح crowded نسبياً
• الذهب: defensive allocation لكن مش aggressive
Interpretation
➡️ المستثمرين:
Adding exposure selectively — not broadly increasing risk
➡️ السوق driven by allocation shifts, not fresh risk appetite