China ETFs pulled in $12.4B net over the past week. That is the single largest geographic flow of any region. The surge is a sharp reversal from the 3-month picture, where China sat $5.6B in the red. Sentiment has turned decisively. Taiwan added $3.7B in weekly net flows, its flow imbalance reaching 90.6 — one of the strongest buying-pressure readings in the entire dataset.
The U.S. remains the dominant long-term destination. It drew $465B net over three months. Weekly flows of $7.2B show that pace is holding, though the imbalance score of just 52.7 signals buyers and sellers are nearly matched right now.
Emerging markets outside China are quietly gaining. The broader EM category added $2.3B this week, with a flow imbalance of 79. Developed Markets ex-U.S. scored an even higher 94.4 — meaning nearly all flows were inbound. Japan added $2.9B on the week and $166.5B over three months, ranking second globally on the quarterly chart.
The reversals are just as telling. South Korea bled $1.2B this week despite $32B in net inflows over three months. North America-focused funds (ex-U.S.) lost nearly $1B this week. The U.K. shed $240M on the week, though over three months it has attracted $2.7B — suggesting short-term profit-taking rather than a structural exit.
Health Care led all sectors this week with $1.1B net inflow. Industrials saw $774M in outflows, a sharp weekly reversal from $3.3B in net gains over three months. That gap is the most notable sector divergence in the data.
Energy gained $316M this week but is $4.2B negative over three months. Buyers are dipping back in. Information Technology barely moved this week — just $30M net despite $11.7B of gross flows in each direction. Over three months, Tech has attracted $67.7B net, comfortably the largest sector total. Financials gained $652M on the week and $2.7B over three months, a consistent accumulation trend.
Equities dominated both timeframes. They pulled in $35.8B net this week and $873B over three months. Fixed income is the strong secondary story — $25.1B this week at a flow imbalance of 78.6, and $232.9B over three months. Both asset classes are attracting capital simultaneously, an unusual dynamic.
Commodities bled $2.7B this week and $32B over three months. Selling pressure is consistent and broad.
Active funds are outpacing passive strategies on a relative basis. Active ETFs posted $10.1B net inflows this week at a 78.5 imbalance score. Over three months, active strategies have absorbed $230.4B — a 56% share relative to vanilla passive flows. Growth strategies added $1.2B this week and $105B over three months. Value funds lost $586M this week and $2.7B over the quarter, confirming a continued tilt toward growth.
Overall, the tone is risk-on. Equities lead, bonds add ballast, commodities lag, and China is the surprise story of the week.
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.
