Daily Flow Report: Fixed Income and Non-Traditional ETFs Drive $5.8B in Net New Assets

Issuer League Tables

The daily flows exhibited a stark contrast among top issuers, highlighting significant capital migration. SPDR and PGIM captured the highest absolute inflows, securing $5,756M and $2,563M respectively. On the relative side, Tema and Northern Funds led asset expansion, while Relative Sentiment and River1 sustained the steepest proportionate outflows. Invesco and iShares recorded the largest absolute withdrawals, shedding over $2,400M each.

Issuer Flows (Absolute)

Issuer Flows (Relative to AUM)

Daily ETF Flow Analysis

Total net flows across all asset classes accumulated to $5,869M during the session. Fixed Income and Non-Traditional segments were the primary drivers, attracting $2,458M and $2,051M in respective daily inflows. Digital Assets trailed all major categories, reporting aggregate redemptions of -$334M. At the category level, U.S. Large Cap Blend funds led with massive $8,230M inflows, offsetting steep withdrawals in U.S. Large Cap Growth.

Asset Class Flows

Top/Bottom 10 Category Flows

U.S. Size & Style

U.S. Large Cap Blend dominated the size and style segment with $8,230M in daily flows, pushing its year-to-date total to $179,349M. In contrast, U.S. Large Cap Growth experienced significant redemptions, registering daily outflows of -$3,515M. Overall, U.S. Size & Style ETFs brought in a net $3,926M for the day. Individual fund activity mirrored this broader trend, with SPY capturing the largest inflows.

Size & Style ex-U.S.

Global Ex-U.S. Large Cap Blend funds led the international style segment, gathering $141M in daily inflows. Conversely, Global Ex-U.S. Large Cap Value faced headwinds, observing outflows totaling -$312M. The aggregate international size and style category recorded net outflows of -$334M on the day. Activity remained highly concentrated, with EMOP and EFV anchoring the top and bottom of the flow spectrum.

Sector & Industry

Industrials stood out as the sole sector recording positive daily momentum, taking in $14M. Information Technology faced the steepest decline, shedding -$1,038M amid widespread sector redemptions. The broader Sector & Industry group recorded aggregate daily outflows of -$2,804M. At the fund level, JYH managed $199M in inflows, while IGV surrendered -$594M.

Region & Country

Asia-Pacific region ETFs generated $366M in daily inflows, distinguishing the geography as the primary driver of international allocations. Latin America experienced the most substantial withdrawals, losing -$124M. Cumulatively, regional and country-specific ETFs saw daily outflows of -$1,046M. Taiwan and South Korea single-country funds captured the bulk of the segment’s positive flow momentum.

Thematic

Disruptive Tech funds paced thematic strategies, securing $406M in positive daily flows. Precious Metals thematic funds lagged the group, experiencing withdrawals of -$87M for the day. Thematic equity strategies posted cumulative inflows, largely supported by concentrated individual fund movements. The Roundhill Memory ETF accounted for $461M of the segment’s asset gathering.

Fixed Income

Multi-Sector Fixed Income gathered the largest daily inflows at $1,767M, followed closely by the Government segment with $917M. Corporate Fixed Income observed the most significant redemptions, contracting by -$266M. The ultrashort duration slice commanded $1,885M of the day’s total fixed income inflows. Short-term duration funds, however, recorded aggregate outflows exceeding $1,000M.

Commodity

Energy commodity ETFs garnered $192M in positive daily flows to lead the asset class. Precious Metals commodities experienced the heaviest outflows, losing -$1,325M during the session. The total commodity category reported net daily outflows of -$1,167M. Silver products showed mixed results, with SLV leading inflows while SIVR faced redemptions.

Cryptocurrency

The cryptocurrency space faced widespread withdrawals, totaling -$334M across the category. Bitcoin ETFs accounted for the vast majority of these redemptions, shedding -$326M. Ethereum and Multicoin ETFs also experienced minor outflows during the session. The iShares Bitcoin Trust ETF posted the largest single-fund outflow at -$214M.

Non-Traditional

Leverage and Inverse strategies commanded the non-traditional category, securing $1,976M in daily inflows. Synthetic Income strategies provided a secondary boost with $67M in positive flows. Total Non-Traditional flows amounted to $2,051M for the day. Leveraged semiconductor and single-stock tech funds drove the bulk of the absolute asset gathering.

Recent Launches

Ten new ETFs recently entered the market, expanding offerings across diverse, unclassified, and alternative strategies. The Corgi brand introduced several new funds, including short-duration fixed income and leveraged international products. Defiance and MFS also contributed new target-leveraged and active value strategies to the ecosystem. These introductions reflect ongoing structural expansion in defined outcome and duration-specific vehicles.