Information Technology ETFs shed $5.7B last week. That is the single biggest story in fund flows right now. Over three months, the same sector pulled in $68.6B. The reversal is sharp and worth watching.
The U.S. led all geographies with $7.0B of net inflows in the past week. Japan was close behind at $6.4B, with a flow imbalance of 70 — meaning buying pressure is clearly dominant. Over the three-month period, the U.S. dominated at $481.8B, with Japan in second at $156.3B.
China flipped negative this week. ETFs tracking China saw $3.0B in outflows over seven days. That contrasts sharply with the 3-month picture, where China flows were broadly balanced near zero. The shift suggests fresh selling pressure, not a continuation of a trend.
South Korea also moved into the red last week, with $1.0B in net outflows. Over three months it attracted $32.6B. That is a notable reversal for a market that had seen steady buying.
Emerging Markets stayed positive at $2.2B for the week, with a flow imbalance of 86 — the strongest buying signal in the geography table.
Tech's $5.7B weekly outflow dwarfs every other sector move. Health Care attracted the most inflows at $1.1B, followed by Energy at $583M. Consumer Staples, Industrials, and Materials all picked up modest inflows between $299M and $405M.
Over three months, Tech still leads all sectors at $68.6B in net inflows. But the weekly reversal shows rotation away from the sector is underway. Energy flipped too — it drew $583M this week but shed $4.3B over the past three months. That is a meaningful short-term bounce in a sector that had been under pressure.
Financials went negative both on the week ($411M out) and held only a modest $2.5B over three months.
Equities absorbed $22.0B last week. Fixed Income attracted $8.2B. Commodities lost $3.1B for the week, extending a $31.7B three-month outflow. Investors are moving away from commodities.
Active strategies had a strong week at $10.2B, nearly matching Vanilla (passive) flows of $11.2B. Over three months, Active pulled in $225.2B — a sustained trend. The ratio of active to passive buying is compressing, suggesting more money is moving into stock-picking and away from index-only exposure.
Growth strategies were the week's clearest loser, with $2.1B in outflows. Over three months, Growth had been a standout winner at $103.5B. The weekly reversal is worth monitoring.
Value also stayed negative at $927M out for the week, consistent with its three-month outflow of $2.5B.
Overall, the tone is cautiously risk-on. Equities and bonds both attracted capital, but the rotation out of Tech, China, and Growth strategies signals investors are being selective rather than buying the market broadly.
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.
