Global ETF flows turned decisively risk-on in the past week. The US attracted $29.1B in net inflows. Active strategies and growth ETFs dominated buying across the board.
The US led all regions with $29.1B of net inflows over the past week. Flow imbalance sat at 62.8, meaning buying pressure was firm but not extreme.
Global (ex-country-specific) funds pulled in $19B. That is the second-largest weekly haul, with a strong imbalance score of 83.8.
Japan and China flipped into heavy outflow territory. Japan bled $8.6B and China shed $8.6B — both showing imbalance scores well below 50. That is a sharp reversal. Over three months, Japan was the second-biggest geography winner with $290.5B in cumulative inflows. The weekly turn signals possible profit-taking or macro concern.
China's three-month picture is equally sour. It ran a $49B net outflow over the quarter, and last week's selling reinforced that trend.
Tech dominated sector flows for the week. Information Technology took in $8.6B. That lines up with its three-month total of $98.9B, making it the undisputed sector leader on both timeframes.
The notable reversal this week is in Materials. It pulled in $1.2B over seven days. Over three months, Materials was a net loser at -$5.3B. That is a meaningful trend shift worth watching.
Real Estate also attracted $1.1B this week, continuing a modest but steady three-month recovery of $2.8B.
Energy flipped the other way. It lost $1.4B last week after being a solid three-month performer with $10.4B in inflows. Industrials also turned negative, dropping $791M this week despite $13B in three-month gains.
Financials stayed flat on both timeframes — flat weekly at -$40M, but down $11B over three months.
Equities remain the dominant destination. They pulled in $34B last week and $1.18T over three months.
Fixed Income was the standout co-winner. It gathered $21.3B last week with a healthy imbalance of 75.4. Over three months the figure was $186.8B. Investors are buying both stocks and bonds simultaneously — a dual-asset bid, not a rotation.
Commodities flipped sharply. This week saw $3.1B of inflows and a 71.1 imbalance. Over three months, however, commodities bled $70.4B. That weekly reversal is the biggest asset class divergence in the data.
On strategy, Active ETFs dominated the week with $21.9B and an imbalance of 87.3. Growth strategies added $4B at 85.2 imbalance. Over three months, Growth was the second-biggest strategy by net flow at $329.7B. Passive Vanilla funds saw net outflows of $3.1B this week despite huge three-month gains of $463.3B — suggesting short-term rotation away from plain index exposure.
ESG posted another week of outflows (-$804M), extending a three-month loss of $23.1B.
Overall, the week's data points to a risk-on posture. Investors bought equities, bonds, and commodities together while rotating out of Japan, China, Energy, and passive index funds.
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.
