US equities led all ETF inflows this week. American-focused funds pulled in a net $8.1B over seven days. That is the largest single-geography flow globally. Japan was close behind with $5.8B in net inflows and a strong buying imbalance of 78.4 — a clear signal of institutional conviction in the trade.
The three-month trend confirms both directions. The US drew $674B net over 90 days. Japan added $303B. These are not short-term blips. They represent sustained, deliberate positioning.
China stands out as the week's sharpest reversal. It bled $4.8B in net outflows this week, with a flow imbalance of just 27.1 — deep into selling territory. Over three months, China has shed $44B net. Investors are not rotating out of China. They have been running from it for months.
South Korea also saw $2.4B in net outflows this week. Germany posted modest outflows in both periods. Developed Europe was marginally negative on a weekly basis. By contrast, Emerging Markets ex-China pulled in nearly $1B this week. Latin America and Canada both stayed in positive territory.
Global (multi-region) funds attracted $5.4B this week with a solid 70.0 imbalance. That is the third-largest geography flow. Investors wanting broad exposure without China are finding a home here.
Tech took the week's hardest hit. Information Technology ETFs shed $2.3B net in the past seven days, with outflows of $13.1B partially offset by $10.7B in gross inflows. The net result was the sector's worst week among all groups.
Over three months, Tech was the biggest sector winner at +$91.6B net. The weekly reversal is a notable shift. Either investors are locking in gains, or macro uncertainty is prompting a short-term trim.
Energy reversed sharply. It pulled in $1.9B this week after steady 3-month gains of $12.5B. Industrials added $682M this week, continuing a 3-month trend of $16.7B. Both sectors show durable structural demand.
Healthcare lost $874M this week and $6.2B over three months. Consumer Discretionary also stayed under pressure on both timeframes, shedding $962M this week.
Equities dominated all asset class flows this week at $21.3B net. Fixed Income was second with $15.5B. That combination — equity and bond inflows together — reads as a broad risk-on rotation rather than a defensive shift.
Commodities were a rare three-month loser at -$77.2B. But they posted $1.7B this week. A possible short-term reversal worth watching.
Active management was the week's standout strategy with $14.2B net and a flow imbalance of 84.9. Over three months, Growth-style ETFs dominated with $326B in net flows. ESG strategies continued bleeding — down $12.5B over 90 days and still negative this week.
The overall tone is risk-on. Money is moving into equities, bonds, active funds, and specific geographies. Tech is pausing. China is being abandoned.
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.
