The biggest single story this week: Information Technology ETFs shed $6.8B in net outflows over the past seven days. That reverses a strong three-month trend where the sector attracted $90.4B. The shift is sharp and hard to ignore.
The US leads all geographies with $8.8B in net inflows over the past week. Flow imbalance sits at 54 — balanced but leaning positive. Over three months, that figure climbs to $658B, confirming the US remains the dominant destination for global ETF money.
Japan is the standout story. It pulled in $8.5B this week alone. Flow imbalance hit 79, signalling strong buying pressure. Over three months, Japan gathered $302.8B — a clear and sustained trend, not just a one-week blip.
China is the clearest exit. Investors pulled $4.4B out this week. Flow imbalance dropped to just 20, meaning heavy selling pressure. Over three months, China has bled $37.8B. The pattern is consistent and accelerating.
Developed Europe also turned negative this week at -$613M. That contrasts with a modest $1.8B gain over three months. The short-term reversal is worth watching. Germany sits at -$291M for the week and -$4.1B over three months — one of the weakest regional stories globally.
Tech's $6.8B weekly outflow is the loudest signal in the sector data. The three-month picture told a very different story — $90.4B of inflows made it the top sector by far. That reversal points to profit-taking or risk reduction, not a structural exit.
Energy gained $1.8B this week. It has drawn $11.9B over three months. Flow imbalance held at 79 — consistent buying pressure across both timeframes.
Financials flipped. The sector brought in $840M this week. But over three months it lost $9.5B. That is a meaningful short-term recovery in a sector that has been under pressure.
Health Care and Materials both bled this week. Health Care lost $1.0B. Materials dropped $1.8B. Both have been weak on a three-month basis too.
Equities dominated inflows at $20.0B for the week. Fixed Income added $12.5B. Both are positive across the one-week and three-month periods — a risk-on picture overall.
Commodities are a key divergence. They attracted $482M this week. But over three months they lost $77.9B. The three-month outflow is one of the largest across all categories. Short-term stabilisation has not yet reversed the broader trend.
Active strategies took the top spot this week at $10.4B in net inflows — flow imbalance of 76. That matches a strong $125.7B over three months. Investors are paying for active management.
Growth strategies showed the sharpest three-month number at $325.9B — but this week they bled $689M. That short-term dip inside a longer bull run bears watching.
ESG flipped negative at the weekly level. It is also down $12.2B over three months. The trend is becoming harder to dismiss.
Overall the tone is cautious risk-on. Equities and fixed income are both attracting money. But tech selling, China exits, and Growth rotation wobbles suggest investors are repositioning, not retreating.
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.
