Equity Leads Asset Classes in Net Inflows as Disruptive Tech ETFs see Large Net Inflows

Issuer League Tables

Vanguard captured the leading position for daily absolute flows with a substantial $12,945M intake, contributing significantly to its $108,206M 1-Month total. Capital Group and Tema followed with notable single-day gains of $4,932M and $3,970M, respectively. Conversely, iShares experienced the sharpest absolute daily outflows, shedding $8,198M as part of its broader 1-Month decline of $9,514M. When measuring flows relative to assets under management, Hashdex and Baron led the issuer rankings with daily intakes representing 86.10% and 27.04% of their respective asset bases. Equable and The Brinsmere Funds faced the largest relative daily redemptions, losing 8.41% and 4.58% of their assets in a single session.

Issuer Flows Absolute

Issuer Flows Relative

Daily ETF Flow Analysis

Equity ETFs dominated daily asset gathering with $10,081M in new money, aligning with a massive 1-Month inflow of $134,692M and a 1-Year intake approaching $1.2 trillion. Fixed Income strategies also generated positive traction, absorbing $3,420M for the day and maintaining a strong $68,350M 1-Month total. Commodity funds registered the most significant daily outflows at -$1,761M, a sharp single-day reversal that exacerbated their 1-Month deficit to -$4,368M. At the category level, U.S. Large Cap Growth funds commanded the top position by drawing $4,673M, while broad U.S. Large Cap Blend funds trailed the market with daily outflows of -$1,326M.

Asset Class Flows

Top/Bottom 10 Category Flows

U.S. Size & Style

Broad market allocations experienced significant polarization in the latest session, with the Vanguard S&P 500 ETF capturing a dominant $10,683M in daily flows. Large Cap Growth also demonstrated robust momentum, highlighted by a $3,119M allocation into the Invesco QQQ Trust. Conversely, the iShares Core S&P 500 ETF shed $10,272M, representing the largest single-day redemption across all U.S. style funds. Mid and small-cap blend strategies like the iShares Russell 2000 ETF added $1,046M, partially offsetting broad market outflows elsewhere. Overall, U.S. Equity funds remain strongly positive on a 1-Year basis despite the highly concentrated daily flow dispersion.

Size & Style ex-U.S.

International equity flows were paced by the Vanguard Total World Stock ETF, which accumulated $1,026M to expand its $73.6B asset base. Demand for active global growth and international small-cap exposure also materialized, as the Capital Group Global Growth Equity ETF and iShares MSCI EAFE Small-Cap ETF gathered $80M and $68M, respectively. Value-oriented international allocations lagged, led by the iShares MSCI EAFE Value ETF which experienced $94M in daily redemptions. Furthermore, specific factor funds such as the First Trust WCM International Equity ETF shed $28M, reflecting targeted outflows in these specific mandates. Long-term trends for international blend strategies remain highly positive, boasting $11,017M in 1-Month flows.

Sector & Industry

Sector-specific allocations favored Industrial and Real Estate exposures, with the State Street Industrial Select Sector SPDR ETF and State Street Utilities Select Sector SPDR ETF absorbing $219M and $174M. Real estate momentum was further evidenced by a $124M inflow into the iShares U.S. Real Estate ETF. In contrast, Information Technology suffered the steepest daily retractions, driven by a $419M outflow from the iShares Expanded Tech-Software Sector ETF. Semiconductor strategies also faced material headwinds, as the iShares Semiconductor ETF lost $323M in a single session. Despite these daily technology outflows, the sector maintains a dominant $8,761M positive 1-Month trajectory.

Region & Country

Single-country ETF activity was highly concentrated, with the iShares MSCI Canada ETF leading regional inflows by absorbing $94M. Emerging Asian markets attracted selective buying, evidenced by $20M and $15M allocations to the iShares MSCI Indonesia ETF and iShares MSCI Thailand ETF, respectively. Conversely, China-focused funds faced severe redemptions, led by the iShares China Large-Cap ETF which shed $131M. Brazil and broader emerging market allocations also struggled, as the iShares MSCI Brazil ETF recorded $98M in daily outflows. Overall, Asia-Pacific strategies remain significantly pressured, recording $1,391M in negative flows over the trailing 1-Month period.

Thematic

Thematic flow activity was heavily skewed toward disruptive technology and industrial revolution concepts, propelled by a $1,239M influx into the ARK Innovation ETF. The ARK Autonomous Technology & Robotics ETF also registered exceptional demand, gathering $717M alongside $393M for the Tema Space Innovators ETF. Conversely, artificial intelligence and broader tech themes experienced concentrated redemptions, as the KraneShares Public-Private AI & Technology ETF lost $98M. Clean energy and blockchain themes similarly faltered, marked by outflows from the Invesco Solar ETF and Amplify Blockchain Technology ETF. Despite concentrated pockets of outflows, the thematic category boasts a massive $103,353M 1-Year accumulation trend.

Fixed Income

Short-duration and money market proxies remained heavily favored by fixed income investors, with the iShares 0-3 Month Treasury Bond ETF securing $387M in daily allocations. Investment-grade corporate credit also saw robust demand, highlighted by a $371M inflow to the iShares iBoxx $ Investment Grade Corporate Bond ETF. Meanwhile, intermediate-duration Treasuries faced localized selling pressure, causing the iShares 7-10 Year Treasury Bond ETF to lose $94M. Floating rate and high yield corporate bond strategies similarly retracted, as the WisdomTree Floating Rate Treasury Fund shed $58M. Broadly, fixed income ETFs continue a persistent growth trajectory, capturing $168,120M in government bond flows over the trailing year.

Commodity

Commodity markets experienced broad-based distribution, offset only by selective demand for energy exposures like the United States Oil Fund LP, which absorbed $78M. The United States Brent Oil Fund LP followed with $20M, adding to the positive flow activity in the energy sub-category. Precious metals suffered aggressive selling pressure, primarily driven by a $199M outflow from the iShares Gold Trust and an $87M redemption from the iShares Silver Trust. Broad commodity and agricultural funds also registered minor but persistent outflows, tracking with a $4,368M 1-Month deficit across the broader commodity asset class. Despite the sharp daily reversal, precious metals retain a formidable $26,789M 1-Year inflow profile.

Cryptocurrency

Digital asset flows were highly dispersed, with multi-coin and alternative indices leading daily asset gathering via a $97M allocation to the Hashdex Nasdaq CME Crypto Index ETF. The iShares Bitcoin Trust ETF and iShares Ethereum Trust ETF posted modest positive flows of $30M and $9M, respectively. However, aggregate Bitcoin strategies heavily pressured the category, triggered by a $27M outflow from the ARK 21Shares Bitcoin ETF. Ethereum funds also experienced material redemptions, specifically the Fidelity Ethereum Fund ETF which shed $21M. Overall cryptocurrency ETFs reflect a transitional near-term period, posting $6,405M in 1-Month outflows against a $21,126M 1-Year positive baseline.

Non-Traditional

Leveraged and inverse strategies dominated non-traditional activity, heavily concentrated in the semiconductor space as the Direxion Daily Semiconductor Bull 3X ETF accumulated $191M. Inverse semiconductor exposure via the Direxion Daily Semiconductor Bear 3X ETF also attracted $91M, contributing to the subgroup’s elevated daily activity. Yield-generating options strategies faced substantial redemptions, highlighted by a $64M outflow from the JPMorgan NASDAQ Equity Premium Income ETF. Single-stock leveraged products tied to large-cap technology generated highly mixed activity, contributing to a $245M daily aggregate flow for the leveraged/inverse subgroup. Over the trailing 1-Year period, synthetic income strategies represent the core of the asset class with $73,671M in accumulated flows.

Recent Launches

The product development cycle remained highly active, with ten new exchange-traded funds launching over a two-day period. Invesco aggressively expanded its defined-maturity fixed income suite, deploying multiple BulletShares strategies spanning Treasury and Corporate bond exposures through 2036. T. Rowe Price introduced a new market opportunities ETF with an initial $20M in seed capital, marking the largest initial asset base among the newest cohort. Additional launches featured synthetic income and ultrashort Treasury strategies from Tuttle Capital and F/m. These new offerings emphasize the industry’s continued pivot toward active management and highly precise, target-date fixed income solutions.