The biggest story this week is simple: money is flowing into the US at scale. ETF investors poured a net $39.2B into US-focused funds in the past seven days. The flow imbalance score hit 71.3, signalling strong buying pressure. Over three months, US inflows total $391.7B — the dominant destination by a wide margin.
Japan is the second-largest draw this week, pulling in $4.8B net. That continues a three-month trend of $92.7B in cumulative inflows. Emerging Markets added $1.5B this week, with a notably high flow imbalance of 82.8 — buyers are heavily outweighing sellers.
The sharpest divergence is South Korea. Over three months, it attracted $38.3B — the fourth-largest geographic destination globally. Yet this week it flipped into outflow territory, shedding $1.1B with a flow imbalance of just 28.8. That is a meaningful short-term reversal worth watching.
China shows a similar cooling. Gross flows in China ETFs remain enormous at $8.7B in and $7.5B out this week. The net is a modest $1.2B — positive but barely. Over three months, the net was a much larger $28.3B. Momentum is fading.
Latin America and Israel both posted small but clean outflows this week, with flow imbalances near single digits — near-total selling pressure.
Financials took the biggest hit of any sector this week. Net outflows reached $2.4B, with a flow imbalance of just 18. That is a hard reversal: over three months, Financials had pulled in $4.0B net. Sellers are in control right now.
Information Technology held up. Weekly net inflows came to $358M with $7.96B flowing in and $7.6B flowing out — a tightly contested sector, but net positive. Over three months, Tech leads all sectors with $58.5B in net inflows. The structural bid for tech remains intact.
Energy flipped direction. It attracted $277M net this week with a flow imbalance of 61.4. But over three months, Energy posted a $6.5B net outflow. The weekly pickup could be a bounce, not a trend.
Consumer Staples gained $109M this week. Over three months, however, it is marginally negative. Defensive buying may be starting but has not yet built a trend.
Equities dominate everything. $55.2B net flowed into equity ETFs this week. Fixed Income added $14.1B — the ratio suggests a risk-on week, not a defensive one. Commodities saw $5.1B in net inflows with a flow imbalance of 80 — the strongest buying pressure signal of any asset class. Over three months, commodities were a $27B net outflow. This week's reversal is significant.
Active strategies are the standout in the strategy breakdown. Active ETFs attracted $9.5B net this week and $219.8B over three months. The 3-month active flow is 56% the size of vanilla passive — a striking share. Dividend strategies also posted solid weekly flows of $589M, with a flow imbalance of 79.2.
Price-weighted strategies shed $2.9B this week despite positive 3-month flows of $11.2B — another short-term reversal to track.
Overall, the tone is clearly risk-on. Equity inflows are broad, active management is gaining share, and commodity ETFs are seeing fresh buying after months of outflows.
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.
