Equity ETFs pulled in $76.9B in the past week. That is the clearest signal of the current market mood: risk-on, and investors are buying aggressively.
The U.S. leads all regions. It attracted $31.3B in net inflows over the last week. Japan was second at $13.9B, with a flow imbalance score of 83 — indicating strong buying pressure. China added $12.7B, a sharp acceleration versus its more modest $18.7B net gain over the full three-month period.
Taiwan stands out as the week's most one-sided trade. Its flow imbalance hit 95 out of 100. Nearly all the money moving through Taiwan ETFs was buying. The $4.0B weekly net inflow is sizable relative to its $844B AUM base.
Hong Kong runs in the opposite direction. It shed $1.4B this week. Over three months, outflows total $9.4B. The contrast with mainland China's inflows is stark. Money appears to be rotating away from Hong Kong listings toward onshore and broader Asia exposure.
India is another notable reversal. Its flow imbalance sits at just 6.6 this week — near total selling pressure. It bled $435M in net outflows despite being a multi-quarter darling. Over three months it still posts modest net inflows, so this week may mark an early rotation signal.
Technology dominates every other sector. IT ETFs absorbed $11.7B in the last week alone. Over three months, that figure rises to $74.6B — more than 10 times the next-largest sector. The weekly flow imbalance is 70.6, consistent with steady institutional accumulation.
Energy is the week's biggest loser by sector. It lost $512M net, with a flow imbalance of only 35.5. Over three months, Energy is down $4.9B. Selling pressure is persistent, not a one-week blip.
Communication Services also saw outflows of $207M this week. It mirrors its three-month trend of near-zero net flow. Financials attracted $1.3B this week, though its three-month total of $4.1B is modest given its AUM.
Real Estate quietly picked up $668M this week. That continues a steady three-month trend of $6.7B in net gains — one of the stronger underlying rotations beyond Tech.
Equities took $76.9B in one week. Fixed Income added $8.0B. Commodities received only $516M, a minor positive. Over three months, commodities are deeply negative at -$30.3B — a sharp contrast to this week's small inflow. That divergence suggests brief short-term covering rather than a genuine trend shift.
Currencies are bleeding. ETF outflows hit $460M this week and $6.3B over three months. Active strategies gained $6.5B this week, posting a 75.4 imbalance score. Dividend ETFs were nearly all-buy, with a 94.7 imbalance and $3.8B of inflows — one of the cleanest signals in the data.
ESG is a notable reversal: it gained $8.9B over three months but lost $161M this week. The trend is softening.
Overall, the data points clearly to a risk-on week. Equities and Tech absorb the bulk of new money. Asia ex-Hong Kong is the geographic trade. Active and dividend strategies are gaining ground over passive and ESG.
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.
