On a net basis security flows were up big in January, with $47B of foreign investment and $11B of Canadian investment abroad…

… nearly all of which ended up in the US, with investors adding equity exposure…

… and returning to US debt, after outflows in the previous three months.

Here at home, demand for resource names drove a second straight equity inflow of $6B…

… which pales in comparison to the record $51B debt inflow, spread evenly across public and private issuers.