US equity ETFs absorbed $28.1B in net inflows over the past week. That dwarfs every other geography. The flow imbalance of 67.8 confirms strong buying pressure. Over three months, the US total reaches $356B. The story here is consistent and clear: money keeps heading home.
Japan and China are the week's biggest losers. Japan saw $6.4B net outflow this week, a sharp reversal from its $72.1B net inflow over three months. That is the most notable trend shift in this data set. China lost $5.1B this week against a $20.9B 3-month inflow. Both markets show flow imbalances below 30, signalling heavy selling pressure in the short term.
Emerging Markets bucked the trend. The flow imbalance hit 86.1 this week on $1.8B net inflows. Global Ex-US ETFs also held firm at 87.8. Developed Europe pulled in $968M this week, a modest positive reading. Canada added $720M. These numbers point to selective but real appetite outside the US.
Technology is this week's biggest loser. IT ETFs bled $2.0B net outflows, with a flow imbalance of just 41.6. Over three months, IT attracted $57.3B — the largest sector inflow of any category. That 3m-to-1w reversal is the clearest rotation signal in this report.
Financials also turned red. The sector lost $1.3B this week after pulling in $4.0B over three months. Consumer Staples dropped $596M this week with a flow imbalance of just 12.8 — one of the weakest readings across all sectors.
Health Care and Communication Services absorbed modest inflows. Health Care took in $164M this week and $7.2B over three months. Energy added $86M this week but carried a $5.3B three-month deficit. Industrials lost $423M this week after $4.5B of 3-month inflows.
Equities led all asset classes this week with $26.0B net inflow. Fixed Income added $14.7B, a flow imbalance of 74.8 — strong. Commodities attracted $2.5B this week, a meaningful reversal from the $30.4B net outflow seen over three months.
Active management is gaining ground. Active ETFs pulled in $5.3B this week, with a flow imbalance of 68.3. Over three months, Active strategies absorbed $216.8B versus $341.7B for Vanilla passive. The gap is narrowing. Value strategies showed strong conviction with an 87.5 flow imbalance this week. ESG flipped to $115M outflows this week despite $14.4B of 3-month inflows — a small but notable shift.
The overall tone is cautiously risk-on. Money is moving into US equities and bonds simultaneously. The sharp weekly reversal in Japan, China, and Tech suggests investors are trimming recent winners and rotating toward defensive and domestic exposures.
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.
