Edited by Peter Hillerberg3 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
US equities pulled in $33.9B in the past week. That is the largest geography flow by far. China came second at $10.3B, with a flow imbalance of 76.5, pointing to genuine buying pressure. Taiwan added $5.3B, driven almost entirely by inflows with minimal outflows.
The sharpest reversal of the week is Developed Europe. It shed $897M over seven days. Over three months it had attracted $7.4B, making this week's turn a clean break from the recent trend. Selling pressure is running at a flow imbalance of just 36.3. Japan also flipped over the three-month window. It had lost $6.8B over three months but pulled in $2.7B this week, suggesting a short-term stabilisation.
The US and Asia Pacific dominate inflows. Brazil added $2.0B this week, with a flow imbalance of 97.8, one of the strongest readings in the dataset. India was the week's clearest loser in Asia, shedding $66M with a flow imbalance of just 8.9. That continues a three-month trend: India is down $1.2B over that window. Singapore flipped from outflow over three months to a small positive this week.
Technology took in $9.2B this week. That is the biggest single-sector number. But over three months, Tech is far more modest at $1.8B, as large two-way flows have largely cancelled each other out. The real story is Financials. It is the worst-performing sector this week, losing $2.5B with a flow imbalance of 19.2. Over three months it is down $10.5B, the largest three-month sector outflow in the dataset.
Industrials are bleeding too. They lost $1.5B this week and $3.1B over three months. Health Care is gaining ground. It added $630M this week and $2.9B over three months. Energy is quietly consistent, pulling in $495M this week and $2.3B over three months. Utilities are flat this week at $45M but have run up $3.1B over three months, matching the Health Care trend.
ORTEX alt data points in the same direction for auto names. German car registrations are running 133% above the same quarter last year as measured by ORTEX data that leads GM revenue by 15 days, with all three months in. The same dataset is running 269% above year-ago levels for TSLA, which reports on 21 October. Both companies sit in a consumer-facing part of the market where sector flows are mixed, but the registration signal is consistently strong.
Equities attracted $67.2B this week against $15.1B for Fixed Income. That is a solid risk-on reading. Over three months the gap is tighter: $498B for equities versus $298B for bonds. Fixed Income flow imbalance has risen to 70.2 over three months, up from 63.6 this week, meaning bond buying has been more persistent than this week's snapshot suggests.
Commodities added $2.1B this week and $31.8B over three months. The three-month number is significant relative to the asset class size. Currency ETFs flipped from outflow over three months to neutral this week.
On strategy, passive Vanilla funds led at $48.5B this week. Active strategies are running far stronger over three months, at $167B versus only $4.3B this week. That divergence is the most notable structural signal in the data. Growth funds pulled in $3.2B this week with a flow imbalance of 83.1. Value added $2.0B at 80.5. ESG reversed sharply: it lost $493M this week after attracting $9.6B over three months, reflecting a notable rotation out of sustainable strategies over the very short term.
The overall tone is risk-on but selective: US and Asian equities are in demand, Tech is getting fresh money, and bonds are absorbing steady flows as a parallel rather than a competing trade.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
