US equities pulled in $37B this week alone. That is the single largest regional inflow, with a flow imbalance of 67 — firmly in buying pressure territory. The broader picture is risk-on, but with notable shifts brewing beneath the surface.
The US drew $37B in net inflows over the past week. Japan was the next biggest destination at $6.4B. Global funds attracted $5.6B, while Emerging Markets added $1.6B with a notably strong imbalance score of 79.
South Korea was the standout loser this week. It shed $1.2B in net outflows despite pulling in $38B over the past three months. That is a sharp reversal. Korea had the fourth-largest inflow of any geography over three months. This week it turned negative, with a flow imbalance of just 30.
Latin America and Israel also saw outflows this week. France and Germany both bled capital, consistent with their three-month trends.
Over three months, the US dominates with $390B in net inflows. Global and Japan trail far behind at $96B and $68B respectively. Taiwan's $25B three-month haul contrasts with its near-flat weekly number — momentum there may be fading.
Financials suffered the biggest sector outflow this week: $2.7B out of the door. Its flow imbalance hit just 18 — deep selling pressure. That is a stark contrast to the three-month picture, where Financials posted a $3.7B net inflow.
Energy flipped the other direction. It drew $515M this week with an imbalance of 68. Over three months, Energy was the worst-performing sector with $6.1B in outflows. The weekly reversal is the biggest trend shift in the sector data.
Industrials pulled in $207M this week and $5.4B over three months — consistent buying. Tech (Information Technology) was virtually flat this week at +$89M, despite being the three-month leader at $58B. Health Care went from $6.3B inflows over three months to $233M in outflows this week.
Equities took in $57.6B this week across all geographies. Fixed Income added $18.1B, with a healthy imbalance of 73. Commodities brought in $7B this week — its imbalance hit 83. That is a reversal from the three-month trend, where Commodities posted $24.9B in net outflows. Currency ETFs attracted $2.4B this week but are negative over three months.
Active strategies remain the key story. Active ETFs drew $12.5B this week, with an imbalance of 76. Over three months they have gathered $221.5B — the second-largest strategy after Vanilla passive. The gap between active and passive is narrowing fast. Price-weighted strategies bled $2.8B this week, flipping from $11.6B inflows over three months.
The overall tone is risk-on. Equities, commodities, and active funds are all attracting capital this week. The Korea reversal and the Financials outflow are the clearest warning signs in an otherwise bullish flow picture.
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.
