US equities are pulling in money at a pace that dwarfs every other market. In the past week alone, US-focused ETFs drew $129.6B in net inflows. That is 100% of the geographic benchmark. Flow imbalance sits at 82.8 — strongly in buying territory.
Japan was the only other geography to make a real impression. It pulled in $20.8B this week, with an imbalance score of 92.2 — nearly pure buying. Over three months, Japan has attracted $307B in net flows. That is a sustained, not fleeting, rotation into Japanese equities.
China is the clearest loser. It shed $5.2B this week alone. Over three months, the outflow reaches $34.5B. The flow imbalance of 31.1 on the 1-week read confirms persistent selling pressure. Germany also leaks money — down $184M this week and $3.7B over three months.
India flipped negative over three months, shedding $981M. Yet it recorded a small $136M inflow this week. That is a tentative stabilisation worth watching.
Latin America is an outlier in a good way. It has a near-perfect 95.0 imbalance score this week and $2.4B in net inflows over three months.
Tech leads sector inflows this week with $3.6B net. But the imbalance score of 59.3 is only modestly bullish — gross outflows from tech ETFs hit $7.8B. Money is flowing in and out simultaneously. Over three months, tech has absorbed $103.5B, keeping it firmly top of the table.
Industrials take second spot with $787M this week and $16.9B over three months. Buying pressure is consistent, with a 64.1 imbalance score both short and long term.
Financials are losing ground. They saw $533M in net outflows this week. Over three months, that swells to $12B. Utilities also posted $475M in outflows this week — though the three-month picture shows $2.6B in net inflows. That is a short-term reversal worth monitoring.
Health Care continues to bleed. It dropped $350M this week and $5.6B over three months.
Equities dominate asset class flows entirely. $156.6B net flowed into equity ETFs in one week. Fixed income added $9.5B — modest but steady, with a 64.1 imbalance score. Commodities are flat to negative on the week and deeply negative over three months, down $80.5B.
Growth strategies are the standout. They pulled $96.2B in net inflows this week. The flow imbalance hit 99.5 — near maximum buying pressure. Over three months, Growth ETFs have absorbed $327.8B. Active strategies also gained $8.7B this week, adding to $131.3B over three months. ESG continues to suffer, down $14B over three months despite small weekly inflows.
The overall tone is firmly risk-on — investors are buying equities hard, favouring growth and the US, while rotating away from China, commodities, and defensive sectors.
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.
