Fixed income pulled in the most money this week. It attracted $21.5B in net inflows — more than double the $10.9B that went into equities. That gap is the clearest signal of where sentiment stands right now.
The US drew $4.8B in net inflows over the past week. That continues a dominant three-month trend, where US-focused ETFs topped all regions with $690B in net flows. Flow imbalance for US funds sits at 51.8 — balanced, with no panic buying or selling.
China was the week's biggest loser. It shed $7.0B in net outflows, with a flow imbalance of just 32.4 — firmly in selling territory. Over three months, China has lost $54.9B. The selling pressure shows no sign of reversing.
Japan also bled $5.6B this week. That flips the three-month picture, where Japan was the second-largest regional winner at +$271.5B. The weekly reversal is sharp and worth watching.
Two standouts on the positive side: Hong Kong attracted $2.2B with a flow imbalance of 76.7 — strong buying pressure. Denmark posted a near-perfect imbalance of 97.7, though its absolute size is small at $869M.
Information Technology led all sectors this week with $8.3B in net inflows. Its flow imbalance of 68.6 points to sustained buying pressure. Over three months, tech has pulled in $102.9B — by far the largest of any sector.
Financials was the week's worst sector. It lost $3.5B, with a flow imbalance of just 19.9. Over three months, Financials is down $10.7B. The selling has been consistent.
Industrials flipped negative this week at -$851M. That is a notable reversal. Over three months, Industrials was a top performer with +$11.9B in inflows.
Real Estate and Consumer Staples both attracted modest inflows this week — defensive positioning creeping into the rotation.
Fixed income's $21.5B weekly lead over equities marks a potential risk-off tilt. Over three months, equities dominate at $1.16T versus $168B for fixed income — but the weekly divergence is notable.
Commodities had a strong week at +$3.0B. Over three months they are down $67.2B, so this week's buying is a reversal worth flagging.
Currencies saw $2.1B in outflows this week — the biggest weekly drain relative to its size.
On strategy, active management took in $11.0B this week. Over three months, active funds have pulled in $134B with a flow imbalance of 75.3 — consistent, strong demand. ESG strategies bled $1.4B this week and $20.4B over three months. Growth strategies dominate the three-month picture with a 93.0 imbalance, the highest of any strategy.
Overall, the week points to cautious positioning — bonds leading, defensives quietly gaining, and China remaining firmly out of favour.
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.
