China ETFs pulled in a net $22.3B in the past week. That makes China the single biggest geographic story right now. The contrast with the prior three months is stark. Over the 3m period, China posted a net outflow of $5.3B. The reversal is sharp.
The U.S. remains the largest destination by volume. It drew $11.7B net in the past week. Over three months, U.S.-focused ETFs led all geographies with $473.6B in net inflows. That dominance holds firm.
South Korea and Taiwan also show consistent demand. Korea attracted $5.3B this week and $33B over 3 months. Taiwan added $3.4B this week and $18.9B over the quarter. Both carry high flow imbalance scores above 73, signalling strong buying pressure.
Japan is the notable laggard at the weekly level. It drew just $315M net this week despite massive gross flows of $5.2B in and $4.9B out. Over 3 months, Japan led non-U.S. geographies with $185.4B net. The weekly slowdown is worth watching.
The U.K. flipped negative this week, shedding $169M. Germany also bled $100M. Both regions ran outflows over the 3-month window as well, suggesting persistent softness in European allocations.
Information Technology is the standout reversal story. Tech posted a $71.5B net inflow over 3 months — the strongest sector by far. This week it swung to a $2.8B outflow. That is a meaningful short-term change in direction.
Financials picked up the slack. The sector pulled in $2.6B net this week, up sharply from $1.8B over the full 3-month period. Investors appear to be rotating out of tech and into banks and financial services.
Energy remains under pressure. It lost $1.2B this week and $4.7B over 3 months. Industrials also shed $630M in the past week, reversing a positive 3-month trend of $3.3B in net inflows.
Utilities and Consumer Staples both saw modest inflows this week. Over 3 months they were in outflow. That defensive tilt at the weekly level is a potential signal.
Equities dominate across both timeframes. They attracted $55.1B net this week and $899.4B over 3 months. Fixed income remains the strong second choice. It took in $25.9B this week and $233.4B over the quarter.
Commodities stand out as a reversal. They drew a modest $1.1B inflow this week. Over 3 months, commodities saw a $28.9B outflow. That is the clearest near-term trend shift in the asset class data.
On strategy, passive vanilla funds dominate in volume. Active strategies continue to attract steady flows. $9.6B went into active ETFs this week. Growth strategies pulled in $3.7B this week and $107.2B over 3 months.
ESG reversed course. It bled $497M this week after taking in $6.6B over 3 months. That short-term retreat is notable given the longer trend.
Overall, the tone remains risk-on. Equities and fixed income both attract capital, China is rebounding sharply, and the only real caution signs are in tech and European markets.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
