Equities absorbed $18.9B in net ETF flows last week. That is the dominant story. Risk appetite is clearly on. Fixed income added $9.7B. Every major asset class was in the green.
The US pulled in $12.0B in net flows over the past week. Global funds added another $7.1B. Both carry buying pressure above 65, signalling consistent demand.
China was the sharpest reversal. It bled $7.8B in a single week. That follows a $44.0B outflow over three months. Selling pressure is deep, with a flow imbalance score of just 25.7.
South Korea also struggled. It shed $3.1B last week despite a positive $9.7B three-month trend. That is a sharp short-term reversal worth watching.
Global Ex-US funds showed near-perfect buying pressure at 96.5. Investors are diversifying away from single-country bets. Japan added $1.7B this week, extending its strong three-month trend of $293.5B in net inflows.
Information Technology posted the biggest sector outflow of the week at -$1.7B. This is a notable short-term reversal. Over three months, Tech attracted $90.7B — the largest of any sector. The weekly dip signals some profit-taking after a prolonged run.
Energy was the top sector inflow at $1.5B for the week. It has now drawn $12.6B over three months. Real Estate added $441M last week. Industrials stayed positive at $140M.
Financials lost $685M. Health Care dropped $630M. Both sectors have been in outflow across the three-month window too, with $10.7B and $6.5B in net losses respectively.
Materials is another reversal signal. It gained $167M this week but has shed $6.3B over three months. Short-term buyers are returning to a beaten-down sector.
Active strategies led all strategy flows at $11.1B last week. That is the strongest buying pressure score at 78.4. Over three months, Active attracted $128.3B, but this week it accelerated sharply relative to its three-month run rate.
Momentum strategies nearly matched their three-month pace in just one week. Flow imbalance hit 96.4. Investors are chasing price trends aggressively.
Vanilla passive funds added $3.1B this week. Over three months they collected $462.7B, by far the largest absolute pool.
ESG continues to struggle. Outflows hit $181M last week. Over three months, ESG has lost $14.3B. The trend is consistent and deepening.
Commodities flipped sharply. They drew $1.2B this week but have lost $78.0B over three months. This week's inflow looks like a bounce, not a trend.
The overall picture is firmly risk-on. Equities dominate, active management is gaining ground, and investors are rotating away from China and mega-cap Tech into Energy, Global diversification, and momentum plays.
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.
