Japan is the week's standout story. ETFs tracking Japanese equities pulled in a net $31B over the past week. That flow imbalance hit 85.5 — well into strong buying pressure territory. Over three months, Japan has attracted $314B in net flows. It is now the second-largest regional destination after the U.S. itself.
The U.S. retained its top spot with $33.4B in net inflows this week alone. Flow imbalance sat at 68.7, signalling sustained buying pressure. The three-month figure is massive at $679B. Institutional money continues to anchor to U.S.-listed equities as a base position.
China is the week's biggest loser. It shed $12.1B in net outflows over seven days. The flow imbalance dropped to just 25.0 — deep into selling territory. Over three months, China has lost $46.7B. That is a clear and consistent trend, not a one-week blip.
India shows a sharp trend reversal. Over three months, India was a net outflow market, losing $1.3B. This week it flipped positive, attracting $310M with a near-perfect flow imbalance of 97.0. South Korea also reversed from a $8.9B three-month inflow to a $2.3B weekly outflow.
The U.K. continues to attract modest but steady flows. $2.2B came in this week, with a flow imbalance of 89.2. Global Ex-U.S. funds posted a 98.3 imbalance — nearly all buying, no selling.
Technology grabbed the top sector spot with $2.7B in net inflows this week. That said, gross flows tell a more cautious story. $12.7B flowed in but $10B flowed out — a net imbalance of only 55.9, roughly balanced. Over three months, tech has pulled in $91.7B, by far the largest of any sector.
The notable weekly gainer is Real Estate. It added $592M with a strong imbalance of 79.8. Over three months it was a modest positive at $2.4B. That consistency suggests a quiet re-rating underway.
Energy flipped hard. It was a $11.2B net inflow sector over three months. This week it bled $719M. Financials tell the same story — $10.9B in three-month outflows, and another $579M out this week. Both sectors remain under institutional pressure.
Materials reversed in the opposite direction. It lost $6.2B over three months but gained $693M this week. That is a potential early rotation signal worth watching.
Equities dominated across both timeframes. $68.4B in net equity ETF inflows arrived this week. Fixed income added another $14.3B, with an imbalance of 69.1. Commodities attracted $3.1B this week — a sharp reversal from the $72B net outflow recorded over three months.
Active ETFs continue to take share from passive. This week, active strategies pulled in $10.4B with an imbalance of 82.3. Growth strategies absorbed $966M this week and $327B over three months — by far the dominant style. ESG remains a slow bleed, down $14.8B over three months despite a $627M positive week.
Overall, the tone is firmly risk-on. Equity flows are broad and deep. Bond buying adds a defensive layer underneath.
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.
