China ETFs pulled in $12.3B in the past week alone. That made them the single biggest geographic draw globally. The momentum marks a sharp reversal: over three months, China saw a net outflow of $5.6B. Investors who sat out the China rally are now piling back in.
China's $12.3B weekly inflow dwarfs every other region. Global ETFs added $5.3B and US-focused funds brought in $5.2B. Taiwan attracted $3.6B, with a flow imbalance of 91 — almost pure buying pressure. Japan added $3.0B.
The three-month picture tells a different story for China. The country sat in net outflow over the quarter, making this week's buying a clear trend break. Taiwan also showed a reversal: it has been a steady $20B inflow over three months, and buying accelerated this week.
UK ETFs shed $237M over the week. Germany and South Korea also saw outflows. South Korea's flow imbalance dropped to 39 — sellers dominated.
Health Care led all sectors this week with $1.1B in net inflows. Financials added $652M. Energy brought in $316M.
Industrials was the week's notable loser. It shed $774M despite gross inflows of $2.3B — heavy selling overwhelmed buyers. That contrasts with the three-month trend, where Industrials pulled in $3.3B net.
Tech tells the most striking story. Information Technology attracted $67.7B over three months — the dominant sector trade of the quarter. But this week it was nearly flat, with just $30M net on $11.7B of gross two-way activity. The tech trade looks exhausted at the margin.
Energy flipped negative over three months, losing $4.2B, while posting a small $316M inflow this week. That divergence suggests early but tentative rotation back into energy.
Equity ETFs absorbed $35.8B in the past week. Fixed Income added $25.1B. Both asset classes are attracting fresh capital simultaneously — a sign investors are not making a hard risk-on or risk-off call, but spreading exposure broadly.
Commodities shed $2.7B this week. That aligns with the three-month outflow of $32B. The commodity trade remains firmly out of favour.
Active strategies pulled in $10.1B on a weekly basis, with a flow imbalance of 79 — strong buying conviction. Over three months, active funds gathered $230B, second only to vanilla passive. Investors are clearly willing to pay for active management right now.
Growth strategies also stand out. They added $105B over three months with a flow imbalance of 77. This week, Growth continued to attract $1.2B. Value posted outflows in both periods — $586M this week and $2.7B over the quarter.
The overall tone is risk-on with breadth. Money is moving into equities, bonds, active funds, and growth strategies at the same time, while commodities and value continue to bleed.
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.
