China grabbed the biggest weekly inflow of any geography. It pulled in $8.1B net this week, with a flow imbalance of 63.4. That is a sharp reversal. Over the past three months, China had bled $3.4B. Money that was leaving is now returning fast.
Japan added $5.0B this week. Over three months, it absorbed $162.5B — the second-largest regional haul globally. Confidence in Japanese equities remains firm.
The US told a different story. Domestic equity ETFs shed $4.0B on net this week. That compares to a $470B inflow over the prior three months. The three-month trend is still positive, but this week's data signals a pause — or the start of a rotation away from home.
Taiwan and Emerging Markets both held strong. Taiwan drew $2.7B in a single week, with a flow imbalance of 88. Emerging Markets added $2.6B. Over three months, both have seen sustained buying. South Korea flipped negative this week, losing $1.4B, after pulling in $32.8B over the quarter. That weekly reversal is worth watching.
Developed Markets ex-US attracted $2.2B this week. UK and German ETFs bled modest amounts. North America (ex-US focused) saw $809M leave — small, but imbalance sits at just 26.4, pointing to clear selling pressure.
Tech took the heaviest sector hit of the week. Information Technology ETFs saw $4.7B walk out the door. Flow imbalance fell to 40.5. Over three months, Tech led all sectors with $67.7B in net inflows. The quarterly trend is intact, but this week's outflow is the sharpest reversal in any sector.
Industrials followed with $2.1B out this week. That flips three months of $3.1B inflows. Financials lost $1.3B on the week, despite $2.4B in net gains over the quarter.
Energy moved the other way. It added $672M this week. Over three months, Energy had bled $4.2B. That is a notable trend flip — money returning to a sector that was out of favour.
Consumer Staples also attracted $414M this week after a flat three-month period. Defensive positioning is showing up at the margins.
Fixed Income matched equities almost dollar-for-dollar this week. Bonds pulled in $24.3B. Equities drew $24.0B. Over three months, equities dominated at $877.8B versus $233.5B for bonds. The weekly parity is unusual and suggests a shift toward caution.
Commodities lost $2.5B this week, extending a $31.3B three-month outflow. No sign of a reversal there.
Active ETFs continued to attract money. They pulled in $11.0B this week, with an imbalance of 74.4. Over three months, active strategies gathered $229.7B. Growth strategies drew $104B over the quarter, but flipped to a small outflow this week.
Value and multi-factor ETFs both shed money on the week. Vanilla passive flows stayed positive but narrowed.
The overall tone is cautious rotation. Money is leaving US tech and moving toward Asia, bonds, and defensive sectors — a mild but clear risk-off tilt for 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.
