Japan ETFs bled $75B in a single week. That is the standout story across all ETF fund flow data this week. Over three months, Japan attracted $78B in net inflows. This week, that trend reversed hard — making Japan the single largest geographic outflow, with a flow imbalance of just 9.7 out of 100.
U.S.-focused ETFs pulled in $41B over the week. That keeps America the largest net inflow destination by volume, with a flow imbalance of 67.4. The three-month picture confirms the same: $354B into U.S. funds over 3m, the biggest by far.
China reversed too. Over 3m, China saw $21B net inflows. This week: $5.4B in net outflows, with a flow imbalance of just 27.7. Emerging Markets held steady, with $2.1B inflows this week and strong buying pressure (81.7 imbalance). Global Ex-U.S. funds showed near-perfect buying pressure at 97.7 imbalance, with $1.9B in net inflows.
Brazil and Hong Kong were both net losers this week. Brazil shed $682M. Hong Kong dropped $703M.
Materials was the only sector posting meaningful net inflows this week: $1.7B, with a flow imbalance of 76.4. That is a notable shift. Over 3m, Tech led everything at $63B in net inflows. This week, Tech flipped to $1.2B net outflows. Financials lost $827M this week, reversing a $3.8B three-month inflow trend.
Industrials dropped $420M this week after attracting $4.4B over three months. Health Care shed $340M this week despite $6.5B in three-month inflows. Real Estate was a bright spot in both timeframes: $185M net inflow this week, $5.3B over 3m.
Fixed Income was the clearest winner in asset class terms. Bonds pulled in $17.9B this week with a flow imbalance of 70.0. Over 3m, bonds attracted $242B. Equities turned negative this week: $23.7B net outflows at a flow imbalance of 45.6. Over 3m, equities remained strongly positive at $711B net inflows.
Commodities stayed positive at $2.8B inflows this week. Over 3m, commodities show $30B in net outflows — so this week's buying is a potential trend reversal worth watching.
On strategy, active funds stood out. They attracted $11.5B this week with an 80.8 imbalance. Over 3m, active funds drew $211B. Vanilla passive funds turned deeply negative this week: $50.8B in net outflows. Value strategies attracted $2.4B this week with an 86.9 imbalance. Over 3m, value was nearly flat at just $500M. That weekly spike signals a fresh rotation into value names.
This week's data points firmly toward a risk-off tone — bonds gaining, equities losing, Japan reversing, and passive funds hit by redemptions while active managers collect fresh capital.
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.
