Japan captured $12.2B in net ETF inflows this week. That made it the second-largest geography by weekly net flow, behind only the U.S. at $34.6B. The gap between those two and the rest of the world was stark.
The U.S. led all geographies with $34.6B in net inflows. Flow imbalance hit 67.8 — firmly in buying-pressure territory. Japan followed with $12.2B and a flow imbalance of 84.6, signalling very strong conviction from buyers.
Over three months, Japan has pulled in $71B. That trend is accelerating, not fading. Global and Developed Markets Ex-U.S. also saw steady buying pressure this week.
South Korea flipped to an outflow this week, shedding -$693M. That is a notable reversal — over three months Korea attracted $38.7B, one of the strongest EM flows globally. This week's selling may reflect profit-taking after a strong run.
China attracted $1.3B net this week, but gross flows were enormous: $8.6B in, $7.3B out. That high churn and a flow imbalance of only 54.2 suggests indecision rather than a clean trend.
Financials posted the worst sector result this week: -$2.4B net outflow with a flow imbalance of just 20.1 — deep selling pressure. Over three months, Financials had been a net receiver of $3.8B. That reversal is the sharpest sector trend shift in the data.
Information Technology attracted $1.8B net this week. Over three months it leads all sectors with $58.7B in net inflows. The weekly pace has slowed, but the direction remains positive.
Energy picked up $321M this week. That is a meaningful turnaround — over three months Energy is deeply negative at -$6.1B. Early days, but worth watching.
Health Care shed -$268M this week. Its 3-month picture is positive at $6.4B, so this week looks like a pause rather than a reversal.
Equities dominated asset class flows with $61.9B net this week. Fixed income added $15.7B. Commodities took in $6.6B — a strong single-week number, especially contrasted with the 3-month figure of -$23.8B. That is the biggest trend flip in this dataset. Commodities have swung from sustained outflows over 90 days to meaningful buying this week.
Currency ETFs drew $2.5B this week. Over three months they are negative at -$2.8B — another short-term reversal worth noting.
On strategy, Active ETFs pulled in $13B this week at a flow imbalance of 80.6. Over three months, Active funds have gathered $221.6B, second only to Vanilla passive strategies. The active-to-passive rotation story remains intact. Dividends strategies also continued attracting steady buying at $546M this week and $17.3B over three months.
The overall tone this week is cautiously risk-on: equities and commodities gaining, Financials selling off, and Japan outperforming as institutional flows broaden beyond U.S. borders.
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.
