Fixed income grabbed the most cash this week. $15.9B flowed into bond ETFs over seven days. That beat equities, which pulled in just $2.1B net despite $101B in gross inflows. Investors are hedging their bets — buying both stocks and bonds at the same time.
The U.S. dominated again. American ETFs took in $22B net this week. Flow imbalance sits at 58.5, signalling mild buying pressure but no panic buying. Over three months, the U.S. remains the clear leader with $691B in net inflows.
Japan is the week's biggest loser. $16.3B drained out in seven days. Flow imbalance dropped to 31.7, deep in selling territory. That is a sharp reversal. Over three months, Japan was a standout winner with $276B net inflows — ranking second only to the U.S. globally. The weekly reversal is the most notable divergence in the data.
Global funds added $10.8B this week with a strong imbalance of 66.3. China shed another $5.2B net. That extends a consistent three-month trend — China has bled $51.6B over the past quarter. Hong Kong bucked the Asian selloff. $2.4B flowed in with a very high imbalance score of 83.8.
Technology is where the money went. Information Technology ETFs pulled in $11.5B net this week. Imbalance hit 73.3 — strong buying pressure. Over three months, tech has taken in $101.8B, the largest sector total by a wide margin.
Real Estate was the second-best sector this week at $829M. Consumer Staples added $170M. Both signal some defensive positioning alongside the tech trade.
Financials and Energy were the week's biggest sector losers. Financials shed $1.2B net. Energy dropped $1.1B. That is a contrast with the three-month picture. Over 90 days, both Energy (+$9.7B) and Industrials (+$11.9B) were among the strongest sectors. The weekly outflows suggest a rotation away from cyclicals.
Health Care continued to bleed. It lost $366M this week and $6.4B over three months.
Fixed income's $15.9B weekly net beat equities convincingly. Over three months the picture flips — equities pulled in $1.14T versus bonds' $167B. This week's bond surge stands out as a possible short-term risk-off move.
Commodities also attracted $4B this week, a reversal from the three-month trend where commodities lost $66.3B net. That is the sharpest asset class trend-flip in the data.
Active strategies led all strategy types this week with $12.3B in net inflows. Vanilla passive strategies lost $8.4B despite massive gross volumes. Growth funds added $2.9B. ESG continued to bleed — down $938M this week and $23.1B over three months.
The overall tone is cautious rotation. Investors are buying tech and bonds simultaneously. Japan's reversal and the commodity bounce are the key shifts 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.
