Equity ETFs pulled $91B last week dwarfing all other asset classes. Fixed income added $12.5B showing balanced appetite. Commodities bled $9.6B as oil volatility forced rotation. The split revealed defensive positioning beneath surface strength.
The U.S. dominated with $19.8B in net inflows last week. Japan attracted $5.1B with 64.4% flow imbalance signaling strong conviction. Emerging markets hemorrhaged $1B as investors fled risk. China alone lost $719M despite $6.8B in gross inflows. Australia dropped $636M continuing multi-week pressure.
Taiwan grabbed $1.3B with 82.8% buying pressure. Switzerland added $468M. The pattern showed flight to developed market safety. Global ex-U.S. funds captured $3.2B with near 90% imbalance reflecting offshore diversification.
Three-month data showed Japan up $107B versus $5B weekly. China's quarter showed $93.6B outflow versus $719M weekly bleed. South Korea reversed dramatically gaining $28.1B over three months but showing flat recent activity.
Energy led with $1.2B weekly inflows as crude spiked above $150. Industrials grabbed $878M. Financials added $894M. Materials collapsed with $2B outflows showing the week's biggest sector rejection. Health care lost $962M. Tech shed $287M despite $9.1B gross inflows revealing massive churn.
The three-month view flipped dramatically. Industrials topped with $24.3B showing sustained conviction. Energy held $17.2B. Materials reversed to $15.2B inflows. Tech bled $3.5B quarterly despite holding largest asset base at $34.5T.
Active strategies dominated with $9B weekly flows at 78.3% imbalance. Vanilla captured $16B but showed only 53.8% conviction. Growth added $2.4B. Dividends grabbed $1.8B as investors hunted yield. ESG funds lost $884M extending quarterly weakness.
The quarter showed active up $134B versus $9B weekly acceleration. Vanilla climbed $245B over three months. Equal weight strategies added $24.4B quarterly showing diversification demand.
Fixed income's $240B quarterly gain versus $12.5B weekly showed slowing momentum. Alternatives added $8.4B over three months but only $608M last week. Currency flows turned negative.
Money rushed toward U.S. equities and Japan while fleeing China and emerging 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.
