US equities pulled in the most ETF money this week. The picture across geographies, sectors, and strategies tells a clear risk-on story — with one sharp exception.
The US attracted $15B in net ETF inflows over the past week. That is the single biggest geographic flow by a wide margin. Global funds added another $7.5B. Both figures fit neatly into the 3-month trend, where the US has accumulated $700B in net inflows — far ahead of every other region.
China is the standout loser. It lost $4.9B this week. Flow imbalance sits at just 34.6, signalling strong selling pressure. Over three months, China's net outflow has reached $52.8B. That is a persistent and deepening bleed. Developed Europe also flipped negative this week at -$706M, reversing a broadly flat 3-month trend. Spain and Switzerland joined the selloff.
Hong Kong was a bright spot. It drew $2.5B with a flow imbalance of 87.2 — one of the highest readings in the entire geography table. Japan added $2.6B, consistent with its dominant 3-month run of $280B in inflows.
Information Technology dominated sector flows. It pulled in $6.7B this week alone. Over three months, Tech has attracted $102.9B — roughly nine times the next-best sector.
The most notable rotation signal is in Industrials. Over three months, it was the second-strongest sector with $11.9B in inflows. This week it flipped to a $636M outflow. That reversal warrants watching.
Financials saw $1.95B of outflows this week. That follows a $10.7B net outflow over three months — sustained institutional selling.
Real Estate quietly attracted $742M this week. Its flow imbalance of 78.4 is one of the stronger readings across all sectors. Energy was a 3-month winner ($8.9B) but posted a $767M outflow this week, suggesting some short-term profit-taking.
Equities remain the dominant destination. They drew $27.1B this week and $1.16T over three months. Fixed Income also performed well — $16B this week, $168B over 90 days. Both asset classes posted flow imbalances above 60, consistent with broad buying pressure.
Commodities tell a very different story. They attracted $3B this week, but over three months they have shed $67.2B. That 3-month figure is the only major asset class in the red over the quarter.
On strategy, Active management continued to gain. It drew $7.2B this week and $134B over three months. Growth strategies are the 3-month standout — $329B in net inflows with a striking flow imbalance of 93.0. This week, however, Growth was nearly flat, while Value ($1B) and Momentum ($412M) quietly picked up pace. ESG strategies bled $459M this week and $20.4B over three months, continuing a clear structural outflow trend.
Overall, the tone is firmly risk-on. Money is moving into equities, Tech, and active growth strategies. China and Financials remain under pressure, and Commodities face a headwind that one good week has not reversed.
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.
