Table of Contents Page 1) Idea of the month 3 Trading portfolio 8 2) ETF Flows 9 3) Performance 11 4) Asset classes 13 5) Equities 14 6) Bonds 16 7) Commodities 17 8) FX 18 9) Macro Scorecards 19 10) Momentum scorecards 23 Appendix Methodology 26