Active management is back in fashion. Active ETF inflows hit $5.8B in the past week alone. Over three months, that figure reaches $207B. No other strategy comes close on a relative basis.
The single biggest story this week is the US market. American-focused ETFs pulled in $17.3B net over the past seven days. That is the largest geographic inflow by far. Over three months, the US has absorbed $330B. The trend is not new — but the pace remains firm.
Japan is the week's standout beyond US shores. Japanese ETFs attracted $7.1B in net inflows this week, with a flow imbalance of 66.5 — signalling clear buying pressure. Over three months, Japan has taken in $63.7B.
Global broad-market ETFs added $6.0B this week. Their flow imbalance of 73.4 points to strong net buying.
China tells a different story. It bled $1.8B this week. That reverses a $35.9B three-month inflow trend. Investors who piled into China over the summer are now rotating out. Brazil also saw $380M leave this week, consistent with its three-month outflow pattern.
Taiwan and the UK both posted small outflows this week. Latin America bucked the trend with a 99.3 flow imbalance — almost entirely one-directional buying, though on a small base.
Technology led all sectors with $3.8B in net inflows this week. Over three months, IT has absorbed $53.2B. Investors are not running from tech.
Health Care was a clear second, adding $1.1B this week and $7.0B over three months. Real Estate also attracted flows — $232M this week, $4.9B over three months — suggesting some rotation into rate-sensitive defensive plays.
Financials flipped sharply. The sector lost $1.2B this week despite posting $3.2B in net inflows over the prior three months. That is a notable reversal.
Energy also lost ground. It shed $262M this week. Over three months, the outflow reaches $5.7B. Industrials dropped $419M this week, though the three-month picture shows modest gains of $4.1B.
Equities dominated across both timeframes. They pulled in $37.0B this week and $697B over three months. Fixed Income added $10.2B this week and $230B over three months. Both asset classes ran positive simultaneously — a risk-on signal with a defensive hedge underneath.
Commodities posted $4.1B of inflows this week. That contrasts sharply with a $7.7B three-month outflow. A short-term bounce in commodity ETFs bears watching.
On strategy, Vanilla passive flows led at $26.1B this week. But Active is growing its share fast — $5.8B weekly inflows and a 76.5 flow imbalance over three months signal conviction behind the shift. Value attracted $1.4B this week but is nearly flat over three months. Growth gathered $992M.
Price-weighted strategies shed $5.3B this week despite modest three-month inflows — a sharp one-week reversal worth noting.
Overall tone is risk-on. Equities and bonds are both attracting capital, active management is gaining ground, and the US remains the primary destination for institutional flows.
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.
