Institutional money pulled sharply away from US equities this week. ETF data shows a $46.4B net outflow from US-focused funds over the past seven days. That is a stark contrast to the three-month picture, where US funds attracted $152.6B in net inflows. The week's data signals a meaningful near-term reversal in sentiment.
Global Ex-US funds were the week's standout winner. They pulled in $8.2B net, with a flow imbalance of 98.1 — meaning almost all money moving was going in, not out. Over three months, that category has also been consistently positive at $28.5B.
China swung sharply negative this week with a $1.9B outflow and a flow imbalance of just 41.5. Over three months, China attracted $50.1B in net inflows — one of the strongest regional draws globally. That reversal is the clearest geographic divergence in this week's data.
South Korea followed a similar path. The region posted a $1.5B weekly outflow versus $18.3B of inflows over three months. Developed Europe also flipped, shedding $378M this week after $8.8B of three-month inflows. India saw continued selling, down $459M for the week and negative over three months too.
Switzerland and Canada held positive over both timeframes. Sweden posted a clean $226M weekly inflow with zero outflow recorded.
Technology led all sector outflows this week at $2.3B net negative — despite being the dominant three-month inflow sector at $28.9B. That gap is the sharpest sector reversal in the data. Industrials lost $1.3B and Financials shed $1.1B over seven days. Both had been positive over three months.
The money rotated into defensives and real assets. Real Estate attracted $489M and Utilities pulled in $337M. Energy added $293M. All three were net positive over both timeframes, pointing to a consistent rotation into yield-sensitive sectors.
Health Care is a notable divergence. It took in $149M this week yet only $5.9B over three months — a smaller three-month base than Tech by a wide margin, but holding steady on a weekly basis.
Fixed Income attracted $14.4B this week against Equity's $36.7B outflow. Over three months, both were positive — Equity by $471.6B and Fixed Income by $266.9B. But the weekly ratio strongly favors bonds. Fixed Income's flow imbalance hit 65.8 this week, crossing into buying-pressure territory.
Currency ETFs saw $2.0B of net inflows with a 91.3 imbalance — one of the strongest one-directional moves in the data. Commodities flipped slightly negative on the week after $23.9B of three-month inflows.
On strategy, Active funds stood out: $8.4B net inflow this week, flow imbalance of 59.7, and $122.6B over three months. Momentum strategies collapsed, posting an $11.2B weekly outflow with a flow imbalance of just 1.4. Over three months, Momentum was only mildly negative at $1.8B — making this week's reading a sharp acceleration to the downside.
Growth and Value strategies both bled again this week, consistent with their negative three-month trend.
The overall tone is risk-off. Money is rotating out of US equities, tech, and momentum into bonds, currencies, defensives, and actively managed funds.
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.
