Deutsche Bank strategists note aggregate equity positioning rose to modestly overweight last week.
Volatility control, commodity trading advisors and risk‑parity funds increased equity allocations, though pace may slow as volatility fades.
Equity fund inflows jumped to $25.9 bn, led by $18 bn US funds and $15.7 bn global funds.
Bond inflows rose to $12.4 bn (EM bonds $6.6 bn) while money‑market funds saw $19.8 bn outflows for second week.