Fixed income dominated the week's flows. Bond ETFs pulled in $15.2B net over the past seven days. That is the single biggest weekly inflow across all asset classes. Over three months, fixed income gathered $225B — a sustained trend, not a one-week spike.
Equity ETFs, by contrast, were barely positive on the week. Net flows of $1.6B look thin against $692B over three months. The seven-day number signals a clear deceleration. Investors have not abandoned equities, but new money is slowing sharply.
The US was the week's biggest loser by a wide margin. US-focused ETFs shed $5.8B net in seven days. Flow imbalance sat at 46.8 — solidly in selling territory. That is a notable shift. Over three months, US ETFs attracted $286B, the largest geographic total by far.
Japan and Global funds picked up the slack. Japan drew $3.4B in net inflows this week, with a flow imbalance of 64.3. Global ETFs added $3.5B. Both regions have been strong over three months too, suggesting durable demand rather than a one-week rotation.
China flipped negative this week, losing $1.3B. That reverses its $30.6B three-month gain. South Korea also turned red, dropping $1.1B after a $40.4B three-month surge. Both reversals point to profit-taking in Asian markets after a strong run.
Developed Markets Ex-US stood out with a flow imbalance of 94.1 — near the top of the buying pressure scale. Money is moving into international developed markets with real conviction this week.
Tech posted the sharpest weekly outflow of any sector: $2.5B out. Flow imbalance was 37.2, firmly in selling territory. Yet over three months, Tech attracted $43.2B — the sector leader. This week marks a meaningful short-term reversal of that trend.
Industrials and Consumer Discretionary also bled this week, losing $692M and $817M respectively. Industrials had attracted $2.7B over three months. The week-on-week reversal is sharp.
Financials and Real Estate were the week's sector winners. Financials drew $633M in net inflows. Real Estate added $344M. Consumer Staples pulled in $210M with a flow imbalance of 87.9 — strong buying pressure in a classically defensive sector.
Health Care also attracted $184M this week. Over three months it gathered $7.4B. The defensive tilt is becoming more apparent.
Commodities gathered $3.0B this week with a flow imbalance of 72.3. That is a notable step-up. Over three months, commodities pulled in only $7.4B total. One week is delivering a proportionally large share of the quarterly total.
Active strategies dominated the 1W strategy flows. Active ETFs took in $4.2B this week, with a flow imbalance of 70.5. Over three months, active strategies attracted $201.6B — the second-largest strategy total after vanilla passive. Dividend strategies also attracted $1.1B with an imbalance of 82.7, another defensive signal.
Price-weighted ETFs saw $3.1B in outflows this week, despite modest three-month gains. That category covers major index products and suggests rotation away from the largest passive benchmarks.
Overall, the tone shifted defensively this week. Money rotated from US equities and Tech into bonds, commodities, defensive sectors, and international developed markets.
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.
