US-focused ETFs pulled in $144.9B in the past week. That dwarfs every other geography by a wide margin. The flow imbalance sits at 85.8 — a strong buy signal. Over three months, the US lead holds with $668.7B in net inflows. Institutional money is firmly planted in American equities.
The clearest story outside the US is Japan. It drew $8.8B in weekly net inflows, with a flow imbalance of 84.0. Over three months, Japan has accumulated $307.2B — second only to the US globally. That is a persistent, deepening trend, not a one-week blip.
Emerging Markets tell the opposite story. Weekly outflows hit -$38.9B, with a flow imbalance of just 1.3 — near-total selling pressure. Over three months, the group has shed -$18.1B. The weekly number is far worse than the quarterly, suggesting the selloff is intensifying. China contributed -$6.1B this week and -$36.5B over three months. Both regions are under consistent redemption pressure.
India is a notable reversal. It attracted $131.6M this week. Over three months, it sits at -$1.2B outflow. Short-term buying may be emerging after a period of weakness — one to watch.
Technology led all sectors this week with $2.6B in net inflows. Over three months, Tech has pulled in $98.1B — comfortably the largest sector flow. Industrials added $889.7M this week and $16.8B over three months. Both sectors show consistent, multi-week demand.
Health Care and Materials are losing ground. Health Care saw -$525.5M this week and -$5.6B over three months. Materials shed -$604.8M this week and -$5.9B over three months. Both show steady, sustained outflows — not a one-off.
Financials posted a sharp reversal. The sector gained $131.9M this week but has bled -$11.3B over three months. Short-term stabilisation may be forming, but the three-month trend remains firmly negative.
Equities dominate all asset classes. Weekly equity ETF inflows hit $115.4B, with a flow imbalance of 68.9. Fixed Income added $10.7B — healthy, but clearly secondary. Commodities saw -$791M this week and a hefty -$78.6B over three months. That is a major and sustained rotation away from hard assets.
On strategy, Growth ETFs are the standout. They pulled in $94.7B this week alone, with a flow imbalance of 98.4 — near-maximum buying pressure. Over three months, Growth has attracted $326.9B. Active strategies also gained $1.99B this week and $127B over three months, showing active management is capturing a growing share of flows.
ESG funds are losing. They gained just $255M this week but have lost -$12.9B over three months. Investor appetite for ESG strategies is clearly fading at scale.
Overall, the tone is firmly risk-on. Money is chasing US equities, growth strategies, and Tech — while fleeing Emerging Markets, commodities, and ESG.
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.
