The headline story this week: investors pulled hard from Chinese equities. China saw $5.9B in net outflows over the past seven days. That reverses nothing from the 3-month picture — China has bled $42.4B over that period. Selling pressure remains intense, with a flow imbalance of just 26.8 on the week.
The US attracted the most cash this week, with $15.0B in net inflows. Japan was close behind at $6.2B. Both regions show strong flow imbalances — Japan's sits at 77.4, signalling clear buying dominance.
The "Global Ex-U.S." and "Developed Markets" buckets also drew steady money. Flow imbalances of 97.1 and 89.1 respectively point to near-unanimous buying. South Korea shed $2.8B this week alone. Hong Kong lost $905M. Both have faced consistent pressure over three months too.
One notable divergence: India flipped from a 3-month net inflow to a small net inflow this week — but the 3-month picture shows a $1.2B outflow overall. Sentiment there remains split.
Energy led all sectors this week with $2.5B in net inflows and a flow imbalance of 78.5. That fits the 3-month trend — Energy has pulled in $12.8B over 90 days.
The biggest reversal is in Technology. Over three months, IT was the top sector by a wide margin, pulling in $90.4B. This week it flipped to a $1.4B outflow. The flow imbalance dropped to 47.2 — nearly balanced, but the shift is sharp.
Healthcare lost $838M this week. Consumer Discretionary shed $1.0B. Both have seen consistent selling pressure over three months too.
Real Estate quietly attracted $518M this week, continuing a modest positive 3-month trend of $2.3B in net flows.
Equities absorbed $28.5B in net inflows this week. Fixed Income added $16.2B. Both remain well-bid. Commodities pulled in $1.8B this week — a clear reversal from the 3-month picture, where they lost $77.7B. That gap is striking. It suggests very recent commodity buying after a prolonged exit.
On strategy, Active funds led the week with $16.9B in net inflows and a flow imbalance of 83.4. Over three months, Growth strategies dominated with $326.3B — the second-largest strategy flow after Vanilla passive. This week, Growth attracted only $56M. Momentum funds remain popular both weekly and over 90 days.
ESG strategies recorded outflows of $85M this week. Over three months, they lost $13.6B — consistent, persistent selling.
Overall, the tone is cautiously risk-on. US and Japanese equities are drawing fresh money. Active management is back in favour. The shift away from China and the short-term Technology reversal are the two most important signals to watch.
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.
