Institutional money is moving decisively this week. US-focused ETFs pulled in a net $15.0B in the past seven days. That makes America the single biggest destination for ETF flows globally by a wide margin.
Japan is the standout story outside the US. Net inflows hit $6.2B this week, with a flow imbalance of 77.4 — firmly in buying-pressure territory. Over three months, Japan has attracted $302B in net flows, second only to the US at $677B.
Global ex-US ETFs also drew strong interest. Flow imbalance reached 97.1 this week, meaning almost all gross activity was buying. That signals broad appetite for international diversification.
China tells the opposite story. Outflows hit -$5.9B this week. Over three months, China has shed -$43.3B in net flows. The selling is consistent and shows no sign of reversal. South Korea and Hong Kong are also in the red this week, though at smaller scale.
Developed Europe saw a mild outflow of -$433M this week. Over three months it is roughly flat, suggesting indifference rather than active selling.
Energy is the week's top-performing sector. It drew $2.5B in net inflows, with a flow imbalance of 78.5. Over three months, Energy has attracted $13.1B — a consistent trend.
Information Technology is this week's biggest loser. Outflows reached , with a flow imbalance of just 47.2. The contrast with the three-month picture is sharp. Over 90 days, Tech pulled in — the top sector by a distance. That 3m trend is now reversing hard in the short term.
Health Care, Consumer Discretionary, and Materials all bled money this week. Financials lost -$470M over seven days. Over three months, Financials posted -$10.7B — making it the second-worst sector by outflow after the recent Tech reversal.
Real Estate quietly picked up $518M this week, consistent with its three-month positive trend of $2.5B.
Equities remain the dominant destination. Net inflows hit $28.5B this week. Fixed Income added another $16.2B. Both show strong buying pressure. Over three months, equities absorbed $1.19T versus $193B for bonds.
Commodities flipped. They drew $1.8B this week. But over three months they have shed -$77.1B — a notable short-term reversal worth watching.
Active strategies dominated this week. They pulled in $16.9B with a flow imbalance of 83.4. Over three months, Growth strategies led all strategy types with $326.8B in net inflows and a 93.0 imbalance — the clearest sign of sustained directional conviction across the strategy landscape.
ESG remains out of favour. Outflows of -$85M this week follow a three-month loss of -$13.0B.
The overall tone is risk-on. Investors are buying equities and bonds simultaneously, rotating into Energy and away from Tech in the short term, while keeping Japan and the US at the top of their geographic wish lists.
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.
