The biggest story this week is straightforward: money is flooding into US equities. American-focused ETFs pulled in a net $136B in the past seven days alone. That dwarfs every other geography combined. Over three months, the same theme held firm at $666B net — confirming this is not a short-term blip.
The US dominated the 1-week picture with a flow imbalance of 79.5 — firmly in buying-pressure territory. Japan was the clear second choice, adding $10.2B this week after $303B over three months. Both markets show consistent institutional preference.
The reversal story belongs to China. It bled $4.3B in the past week. Over three months it shed $36.8B. That is the second-largest outflow globally across both time frames. Flow imbalance sits at just 26.7 for the week — deep in selling territory. Hong Kong followed with $905M in weekly outflows.
Germany and Developed Europe also saw continued selling this week. Germany's flow imbalance hit just 14.2 — one of the weakest readings in the entire dataset.
Tech is the week's most striking reversal. Information Technology suffered a $2.9B net outflow over seven days. Yet over three months, it attracted $95.9B — the top-performing sector by far. Short-term sellers are trimming what has been the strongest 3-month winner.
Energy was the week's top sector inflow at $1.7B net. Industrials added $693M. Both held positive over three months too — Energy at $11.5B and Industrials at $16.6B — showing consistent rotation into cyclical and commodity-linked names.
Health Care was the week's sharpest sector loser outside Tech, shedding $1.2B. Materials dropped $1.3B this week after already losing $7.1B over three months. The selling in Materials is persistent, not new.
Financials appear mixed. A small $87M outflow this week followed a heavy $10.5B three-month outflow — suggesting the worst of that selling may be fading.
Equities took in $150B in net flows this week. Fixed income added $16.6B. Commodities drew $1.0B this week — a sharp contrast to a $78B net outflow over three months. That is a notable reversal worth watching.
The clearest strategy signal is Growth. It pulled in $94.4B this week with a flow imbalance of 98.1 — almost no selling at all. Over three months it attracted $327B. Passive (Vanilla) strategies added $26.8B for the week. Active ETFs brought in $10.4B.
ESG remained flat on the week with a near-neutral imbalance of 50.5. Over three months it bled $13.1B. Investor appetite for ESG products continues to erode.
The overall tone is risk-on. Money is moving into US equities, growth strategies, and energy — while China, tech momentum names, and ESG funds face continued pressure.
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.
