Asia Tech Surge Drives Biggest Weekly ETF Haul

The biggest money flow story this week is Asian tech. Taiwan ETFs pulled in $7.5B in just five days, with a flow imbalance of 96.7, meaning almost every dollar entering those funds was a buy. That follows ORTEX Alt Data showing Taiwan's total export orders hit TWD 36,223 hundred million in September 2026, up 69% year-on-year, the clearest real-economy signal yet of surging global demand for Taiwanese technology exports.

Geography Flows

The US remains the largest single destination at $22.8B of net inflows over the week. China ran second at $16.7B, with a flow imbalance of 79.8, pointing to strong conviction from buyers. South Korea added $9.1B, also with a near-perfect imbalance of 92.1.

Taiwan's week stands out for a different reason. Over three months, it has already attracted $17.9B, making it one of the most consistent recipients of institutional money across the entire geography table. The weekly pace is now accelerating on top of that base.

Japan tells the opposite story. It took in $3.8B this week, but over three months it is sitting on a net outflow of $6.2B. That is the sharpest reversal in the geography data. Japan's three-month flow imbalance is 49.0, essentially flat between buyers and sellers. Institutional money has rotated away from Tokyo even as some weekly buying crept back in.

Israel saw $130M of net outflows this week and has shed $377M over three months. UK ETFs lost ground too, down $31M this week and $318M over three months, consistent with an economy where UK CPI has now risen for three consecutive months to 3.5% annually in September 2026 according to ORTEX Alt Data.

Sector Rotation

Information Technology took $8.9B in net inflows this week, the top sector by a distance, with a flow imbalance of 69.8. Over three months the figure is $8.2B, so the weekly pace is now running sharply ahead of the quarterly trend. Buyers are accelerating into tech.

Industrials is the sharpest reversal. Over three months it is barely negative at minus $1.2B. This week alone it shed $1.5B, with a flow imbalance of just 29.5. Sellers dominated. Consumer Discretionary lost $674M in the week, also with selling pressure.

Financials flipped direction. Over three months financials bled $8.2B, the single largest sector outflow in the quarterly table. This week it turned to a $541M net inflow. That reversal is early but visible.

Health Care, Utilities, and Energy all received modest inflows over both periods, suggesting some defensive positioning alongside the tech surge.

Asset Class and Strategy

Equities dominated everything. ETFs tracking equities attracted $70.7B of net inflows in a single week, against $13.5B for fixed income and $2.6B for commodities. The equity flow imbalance hit 69.7, a firmly risk-on reading.

Over three months the picture is more balanced. Fixed income has drawn $287B cumulatively, versus $526B for equities. Bond ETFs are not being abandoned, but equities are growing their lead in weekly terms.

On strategy, Vanilla passive index funds led with $52.5B in the week. Active ETFs added $3.1B. The bigger strategic story sits in the three-month data: Active funds have gathered $167B over the quarter, the second largest behind Vanilla at $213B. Fundamental strategies brought in $34.3B over three months, but nearly nothing this week. Dividend funds reversed course, sitting on $11.4B of three-month inflows but losing $169M this week.

Value attracted $2.4B in the week. Momentum, which saw $3.5B of net outflows over three months, flipped to a small $217M gain. The rotation out of momentum over the quarter, now partly reversing, matches the sharp move into rate-sensitive tech names this week.

The overall tone is clearly risk-on. Equities are accelerating, Asian tech is the focal point, and Industrials is the one meaningful pocket of selling.