US-focused ETFs pulled in $37.1B in the past week alone. That is the dominant story in global money flows right now. The flow imbalance sits at 66.9 — firmly in buying-pressure territory.
The US attracted $37.1B in net inflows over one week. Japan followed with $6.4B. Global multi-region funds added another $5.6B. These three regions account for the vast majority of fresh capital.
South Korea is the standout reversal. Over three months, it attracted $38.2B — ranking fourth globally. This week it bled $1.2B in net outflows. Flow imbalance dropped to just 29.9, signalling clear selling pressure. That is a sharp turn in sentiment.
Emerging markets held steady with $1.6B this week. The three-month picture shows $18.9B flowing in. The trend remains constructive, if slowing.
Latin America saw near-zero inflows this week. Its flow imbalance hit just 0.2 — essentially all outflow, no buying. Over three months the region lost $1.2B. The pressure is consistent and shows no sign of reversing.
Financials suffered the worst sector outflow this week — a net $2.7B exit. That is the largest negative sector flow by some margin. The flow imbalance of 18.0 points to heavy institutional selling. Over three months, Financials attracted $3.7B in net inflows. The reversal this week is striking.
Energy is the opposite story. It pulled in $515M this week with a flow imbalance of 67.6. But look at the three-month picture — Energy lost $6.1B over that period. This week's inflow could be early rotation back in, or simply a bounce.
Industrials also drew $207M this week. Over three months, it collected $5.4B. The trend is durable here.
Tech had near-flat net flow this week at just $89M, despite $9B gross inflows. That means $8.9B also left. Over three months, Tech led all sectors with $58.3B in net inflows. The weekly stalemate may reflect profit-taking after a strong run.
Consumer Discretionary continues to bleed. It lost $534M this week. Over three months, it is down $477M too. Both time frames are negative.
All major asset classes attracted net inflows this week. Equities led with $57.6B. Fixed Income added $18.1B with a solid flow imbalance of 72.7. That is meaningful — bond buying is consistent and strong.
Commodities drew $7.0B this week. That looks impressive until you see the three-month figure — a $24.9B outflow. This week's number is a sharp reversal from trend. Watch this space.
Currencies also flipped. They attracted $2.4B this week. Over three months, they lost $2.8B. Another potential trend break.
On strategy, Active funds attracted $12.5B this week. The flow imbalance of 76.0 is well into buying territory. Over three months, Active has pulled in $221.5B — second only to Vanilla passive strategies at $368.7B. Investors are paying for active management again.
Price-weighted strategies lost $2.8B this week despite gaining $11.6B over three months. That weekly reversal is the sharpest strategy-level divergence in the data.
The overall tone is risk-on but selective. Capital is moving into equities and bonds simultaneously — a sign investors want exposure but are hedging duration risk at the same time.
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.
