Defensive Tilt: Health Care and Infrastructure Power Thematic Gains Amidst Tech Outflows

Issuer League Tables

Vanguard led absolute flows for the day with $3.68B in net new assets, bringing its YTD total to $80.39B. iShares followed with $1.76B in daily flows, maintaining its position as the largest issuer with over $4.18T in total AUM. Conversely, Invesco experienced the largest absolute outflow of $2.01B, contrasting with its positive one-year trend of $67.86B in inflows. On a relative basis, Acuitas Small Cap Active ETF saw a massive 97.75% increase in AUM from its $55M daily flow, while ERShares lagged with a -17.00% relative decline on $261M in outflows.

Top/Bottom 5 Issuer Flows (Absolute)

Top/Bottom 5 Issuer Flows (Relative to AUM)

Daily ETF Flow Analysis

The total net flow for all US-listed ETFs on February 11, 2026, was $8.91B, bringing the year-to-date total to $231.78B. Equity products dominated the daily activity with $4.56B in inflows, while Fixed Income added a robust $3.32B. The Commodity asset class also saw significant interest with $710M in one-day flows, substantially higher than its one-week average of $501M. Conversely, Non-Traditional ETFs were the only major class in the red for the day, losing $105M.

Asset Class Flows

Top/Bottom 10 Category Flows

U.S. Size & Style

U.S. Large Cap Value led style segments with $1.50B in daily inflows, significantly higher than its one-week total of $5.76B. In contrast, U.S. Large Cap Growth suffered a massive outflow of $2.14B, which mirrors a broader trend of weakness compared to its $108.36B one-year gain. Size-wise, Large Cap overall saw $670M in net inflows, while Mid Cap and Small Cap segments also finished the day positive with $668M and $182M respectively.

Size & Style ex-U.S.

Global Ex-U.S. Large Cap Blend was the dominant leader in international flows with $1.30B in daily activity, bringing its YTD total to $21.06B. Emerging Large Cap also remained strong with $348M in one-day flows, continuing its impressive one-year run of $59.88B in net inflows. On the weaker side, Global Ex-U.S. Large Cap Growth lost $25M today, though its YTD total remains positive at $745M. Emerging Small | Mid Cap flows were flat for the day, following a month of minor outflows totaling $39M.

Sector & Industry

The Health Care sector led all groups with $390M in net inflows, contributing to its strong YTD performance of $2.43B. Energy also saw positive momentum with $81M in daily flows, a significant portion of its $5.25B YTD accumulation. Conversely, Information Technology experienced sharp outflows of $584M, though it remains up $9.81B on a one-year basis. Financials also struggled during the session, shedding $411M despite its $3.98B positive year-to-date trend.

Region & Country

The Asia-Pacific region dominated geographic flows with $254M in one-day activity, supporting a YTD total of $11.97B. Latin America followed with $18M in daily inflows, maintaining its strong one-year cumulative inflow of $6.09B. Eurozone flows were more muted at $7M for the day, which contrasts with its substantial $14.97B YTD growth. North America finished the day flat at $0M, despite holding a one-month inflow total of $898M.

Thematic

Infrastructure themes saw the largest daily inflow of $408M, adding to a healthy $3.41B cumulative total over the last month. Natural Resources also performed well with $210M in daily activity, bringing its YTD flows to a substantial $6.11B. Conversely, Disruptive Tech recorded an outflow of $28M for the day, though its one-year cumulative inflow remains very strong at nearly $20B. Evolving Consumer products saw a reversal of recent trends, gaining $90M today despite a negative $449M three-month performance.

Fixed Income

Multi-Sector fixed income products led the asset class today with $1.13B in daily flows, representing a significant portion of its $36.71B year-to-date total. Corporate bond ETFs also saw strong interest with $1.13B in one-day inflows, well above its YTD average accumulation rate. In terms of duration, Intermediate-term products were highly preferred, attracting $2.52B in daily net new assets. Long-term duration was the outlier, losing $98M today, which aligns with its negative YTD trend of $1.06B in outflows.

Commodity

Precious Metals led the commodity class with $496M in daily inflows, reversing a slightly negative one-week trend. Multi-Sector broad market strategies also saw strong daily activity with $184M in inflows, bringing YTD accumulation to $1.21B. Industrial Metals added $10M for the session, which follows a very strong monthly inflow of $468M. Agriculture remained flat with $0M in daily flows, consistent with its longer-term YTD performance of just $8M.

Cryptocurrency

Bitcoin ETFs saw the bulk of the class’s activity today with $162M in daily inflows, providing some relief after a one-week outflow of $4.46B. Ethereum products also finished positive with $14M in daily flows, though the YTD total remains in the red at $509M. Altcoin strategies added $11M today, maintaining a consistently positive three-month inflow trend of $1.91B. Overall, the cryptocurrency asset class holds $104.75B in AUM, despite a YTD net outflow of $2.04B.

Non-Traditional

Synthetic Income ETFs were the leaders in the non-traditional space today, attracting $258M in net new assets and pushing YTD totals to $8.58B. Buffer ETFs also saw steady growth with $131M in daily flows, contributing to its $83.60B total AUM. On the downside, Leverage | Inverse strategies experienced large outflows of $492M today, bringing its YTD net flow further into negative territory at -$3.00B. Currency Hedged products saw minimal activity with a $1M daily loss, remaining a small niche with only $20M in total assets.

Recent Launches

The ETF market continues to see active expansion with 327 launches in the past three months alone. Recent activity includes several leverage and inverse single-stock products from Leverage Shares, alongside innovative thematic launches such as the Tuttle Capital UFO Disclosure ETF. Notable among new entries is the Burney U.S. Equity Select ETF, which accumulated a substantial $610.7M in AUM since its inception on February 5th. Other launches focus on AI-managed strategies and niche digital asset categories like the ProShares CoinDesk 20 Crypto ETF.