The single biggest story this week: investors pulled $2.5B out of Information Technology ETFs. That makes Tech the hardest-hit sector over seven days. It is a sharp reversal from the 3-month picture, where Tech absorbed $60.8B — by far the largest sector inflow over that period.
The US remains the dominant destination. American-focused ETFs attracted $26.6B in net inflows this week. Flow imbalance sits at 62.8, signalling moderate buying pressure. Over three months, US ETFs have pulled in $371.7B — consistent and commanding.
The pain lands in Asia. Japan ETFs shed $6.3B this week, with a flow imbalance of just 35.6. China lost $5.6B, with an imbalance of 27.5 — deep selling territory. Both are sharp week-level moves. The 3-month view tells a different story: Japan attracted $69.7B over that period, and China pulled in $21B. The weekly reversal is significant and worth watching.
Global and Global Ex-US funds both held up well this week, drawing $4.8B and $1.9B respectively, with imbalances above 70. Emerging markets added $1.7B, continuing their 3-month trend of steady inflows.
Tech's $2.5B outflow this week contrasts brutally with its 3-month dominance. Financials also bled $818M in seven days, despite recording $4B in over three months.
The winners this week are more defensive. Health Care attracted $222M and Materials $240M. Consumer Staples drew $113M. Real Estate added $86M. Over three months, Industrials gathered $4.8B — but this week it lost $177M, another notable reversal.
Energy continued its steady decline. It dropped $198M this week and $5.6B over three months. That sustained outflow puts Energy firmly in the out-of-favour camp.
Both equity and fixed income posted strong inflows this week. Equities took in $21.3B net. Fixed income absorbed $15.2B — a flow imbalance of 75.7, indicating clear buying pressure. Commodities added $1.3B after losing $31.3B over three months, hinting at a possible short-term reversal.
Currency ETFs lost $337M this week, extending a 3-month outflow of $6.5B.
On strategy, Active funds pulled in $5.9B this week. That follows $215.4B over three months — the most consistent strategy trend in the data. Value strategies stand out with an imbalance of 88.0 this week, pulling in $2.1B. Over three months, however, Value only netted $735M. That gap suggests a sharp recent pivot toward value positioning.
Price-weighted strategies shed $3.7B this week, reversing their $9.4B 3-month gain. That is the clearest strategy-level trend shift in the current data.
Overall, the tone is cautiously risk-on. Equity and fixed income both attract money simultaneously. But the rotation away from Tech and toward defensives, value, and bonds suggests investors are hedging. The week's flows carry a distinctly more defensive flavour than the prior three months.
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.
