Equities & Short-Term Bonds Dominate Flows

Issuer League Tables

Daily fund flows across issuers exhibit notable concentration among market leaders, with iShares capturing $2,603M and Vanguard experiencing outflows of ($3,100M). The relative flow metric highlights specialized issuers, with Optimize seeing daily inflows equate to 32.92% of their AUM. Issuers like Pacer demonstrate strong relative and absolute flow capture simultaneously, bringing in $2,576M. These diverging flows underscore shifts in capital allocation across different provider platforms.

Issuer Flows (Absolute)

Issuer Flows (Relative to AUM)

Daily ETF Flow Analysis

The aggregate ETF market experienced $3,929M in daily inflows, led by Equities pulling in $2,604M and Fixed Income securing $2,170M. Conversely, the Commodity asset class registered daily outflows of ($993M), contrasting with its 1-Year inflow of $47,027M. U.S. Large Cap Blend funds dominated the category level with $2,211M in daily flows. Meanwhile, Equity Buffer and Mid Cap Value categories occupied the bottom of the table, registering significant negative flow prints.

Asset Class Flows

Top/Bottom 10 Category Flows

U.S. Size & Style

Broad market capitalization funds observed mixed daily activity, with the S&P 500 tracking IVV capturing $2,875M in positive flows. Concurrently, cash flow-focused ETF COWZ recorded $1,924M in inflows against an AUM base of $18.1B. On the laggard side, small and mid-cap exposure faced pressure, as VB and VO lost ($1,072M) and ($841M), respectively. The divergence between large-cap growth inflows and small-cap outflows persists within the U.S. style segment.

Size & Style ex-U.S.

International equity flows reveal targeted capital placement, with CORO leading the segment by capturing $206M. Dimensional’s ex-U.S. offerings, DFIC and DFEM, also secured positions among the daily leaders with combined flows exceeding $130M. Broad international fundamental and value strategies registered outflows, led by FNDF shedding ($135M). Currency hedged allocations like HEFA similarly printed negative daily flows.

Sector & Industry

Capital moved distinctly across sector lines, placing IGV at the top of the leaderboard with $317M in daily inflows. Defensive and energy segments also gathered assets, as XLP and XLE absorbed $271M and $205M respectively. Semiconductor and biotechnology ETFs represented the steepest outflows, led by FTXL losing ($377M) and XBI dropping ($281M). Technology broadly faced withdrawals, demonstrated by QTEC and XLK appearing in the bottom tier.

Region & Country

Country-specific allocations experienced concentrated daily movements, with Canadian exposure via EWC pulling in $103M. Taiwan and Israel focused funds, FLTW and EIS, also gathered minor inflows of $28M and $18M respectively. European dividend strategy FDD led regional outflows, contracting by ($187M). Emerging market single-country exposures like ECH and EZA similarly registered modest daily net outflows.

Thematic

Internet and connective technology themes captured leading inflows, with FDN gathering $350M and SIXG absorbing $120M. Natural resource and pipeline strategies, represented by GUNR and TPYP, also populated the top five flow rankings. Precious metal miners dominated the outflow side, as GDX and GDXJ saw combined redemptions exceeding $240M. Clean energy and telecommunications themes rounded out the thematic laggards for the session.

Fixed Income

Short-duration corporate and treasury instruments gathered substantial daily assets, with VCSH capturing $1,140M. Ultra-short treasury ETFs BIL and SGOV followed closely, absorbing $458M and $422M respectively. Long-duration and broad investment-grade credit faced redemptions, marked by LQD shedding ($1,135M) and TLT losing ($542M). High yield corporate bond funds HYG and USHY also printed significant negative daily flows.

Commodity

Physical silver and oil trackers commanded the daily commodity inflows, with SLV and BNO gaining $139M and $129M. Agricultural funds CORN and PDBA also appeared in the top five, though with much smaller absolute values. Gold exposures saw overwhelming outflows, led by GLD shedding ($761M) and GLDM dropping ($164M). Physical platinum and broad oil strategies rounded out the bottom of the commodity flow table.

Cryptocurrency

Digital asset products registered muted positive flows among leaders, with BITO capturing $25M. Ethereum and Bitcoin mini trusts ETHB and BTC added minor inflows of $8M and $5M respectively. Spot cryptocurrency ETFs occupied the laggards list, led by ETHA losing ($102M) and IBIT dropping ($38M). Core bitcoin allocations FBTC, BITB, and ARKB similarly experienced daily net outflows.

Non-Traditional

Leveraged equity and option income strategies commanded daily non-traditional inflows, with TQQQ securing $847M. High-income strategies SPYI and JEPQ gathered $155M and $95M respectively against strong AUM bases. Defined outcome buffer ETFs dominated the outflow side, led by FMAR shedding ($770M). March-maturing buffer products QMAR, DMAR, and GMAR similarly registered significant capital distributions.

Recent Launches

The ETF product landscape continued to expand with ten new listings arriving over the past two days. Unclassified and defined equity strategies dominated the recent introductions, with AAUA debuting with an initial $328.62M in assets. JPMorgan expanded its options-based lineup with ROCY and ROCQ, each launching with nearly $100M. The remaining new issues entered the market with seed capital ranging from $0.25M to $25.51M.