Investors are flooding into international stock funds: International equity ETFs attracted a record +$51.6 billion in inflows in January. This marks the 5th consecutive monthly increase and the 17th straight month of inflows. It also marks just the 2nd month on record where inflows exceeded +$30 billion. Despite reflecting just 15% of total ETF assets, international funds absorbed ~33% of all global inflows during the month. The rush into global equities is accelerating.(The Kobeissi Letter)