Note: Flow data is reported on a T+1 basis. The flows in this report reflect create/redeem activity from the previous trading day, Tuesday, September 2, 2025.
Market Flow Summary
The U.S. ETF market recorded a total net inflow of +$9.55 billion. The issuer attracting the most significant inflows was iShares, while SPDR experienced the largest outflows. On a single-fund basis, the Vanguard S&P 500 ETF (VOO) saw the largest net inflow, while the SPDR S&P 500 ETF Trust (SPY) registered the largest net outflow. The most notable high-velocity brand was Allianz, with daily inflows representing a significant percentage of its total assets under management.
Flow Summary by Asset Class
Equity and Fixed Income asset classes led the day with combined inflows exceeding +$7.21 billion. On a year-to-date basis, Equity remains the leading asset class for inflows. The following list details the daily, monthly, and year-to-date flows for all classified asset classes, ranked by the most recent daily flow.
Asset Class
1D Flow
1M Flow
YTD Flow
Equity
+$4.64B
+$61.42B
+$417.53B
Fixed Income
+$2.57B
+$51.48B
+$262.16B
Non-Traditional
+$1.40B
+$3.78B
+$50.05B
Commodity
+$760.52M
+$7.44B
+$30.81B
Digital Asset
+$200.70M
+$3.80B
+$31.29B
Multi-Asset
+$31.36M
+$874.33M
+$3.35B
Currency
-$6.19M
-$101.37M
+$534.02M
Alternative
-$66.36M
+$700.81M
+$3.18B
Top/Bottom Five Category Flows
Activity at the category level was led by significant inflows into Government Ultrashort fixed income and U.S. Large Cap Value equity funds. Conversely, U.S. Large Cap Growth equity funds experienced the most substantial outflows for the day.
Top 5 Category Inflows
Category Name
1D Flow
Fixed Income: Taxable – Government Ultrashort
+$1.58B
Equity: U.S. Large Cap – Value
+$1.47B
Equity: Global Ex-U.S. Large Cap – Blend
+$1.26B
Commodity: Focused – Precious Metals
+$835.12M
Equity: U.S. Large Cap – Blend
+$697.35M
Bottom 5 Category Outflows
Category Name
1D Flow
Equity: U.S. Large Cap – Growth
-$431.75M
Fixed Income: Taxable – High Yield
-$321.86M
Equity: U.S. Small Cap – Blend
-$143.45M
Digital Asset: Cryptocurrency – Ethereum
-$136.76M
Fixed Income: Municipal – Intermediate
-$122.15M
ETF Issuer Flow Analysis
iShares led all issuers with +$4.42 billion in net inflows, representing +0.12% of its AUM. SPDR recorded the largest net outflows at -$2.28 billion, or -0.14% of its AUM. Among high-velocity brands, Allianz stood out, attracting inflows of +$498.93 million, which accounted for +12.06% of its total AUM.
The following brands experienced significant flow activity relative to their size.
Issuer Name
Aggregate AUM
1D Flow
1D Flow as % of AUM
Allianz
$4.63B
+$498.93M
+12.06%
Meridian
$1.37B
+$82.55M
+6.41%
Significant Single-Fund Movements
The day’s largest single-fund movements highlight a rotation within broad market index ETFs, with Vanguard S&P 500 ETF (VOO) gathering over +$2.02 billion, while SPDR S&P 500 ETF Trust (SPY) shed more than -$3.75 billion.
Largest Absolute Daily Flows (Net Flows > $250M)
Largest Inflows
Fund Name (Ticker)
AUM
1D Flow
1D Flow as % of AUM
Vanguard S&P 500 ETF (VOO)
$731.28B
+$2.02B
+0.28%
SPDR Gold Minishares Trust of beneficial interest (GLDM)
FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)
$558.37M
-$43.89M
-7.29%
Return Stacked U.S. Stocks & Futures Yield ETF (RSSY)
$111.04M
-$8.14M
-6.83%
Innovator US Small Cap Power Buffer ETF – August (KAUG)
$126.25M
-$8.93M
-6.60%
Direxion Daily AAPL Bull 2X Shares (AAPU)
$200.33M
-$14.12M
-6.58%
Innovator U.S. Equity Buffer ETF – August (BAUG)
$212.14M
-$13.11M
-5.82%
Anfield Universal Fixed Income ETF (AFIF)
$146.09M
-$8.44M
-5.46%
Innovator U.S. Equity Power Buffer ETF – August (PAUG)
$995.15M
-$55.17M
-5.25%
Custom Analysis and Daily Data
The data summaries presented in this report were generated using the powerful dashboarding capabilities of the ETF Action Navigator tool. This institutional-grade platform provides users with the ability to conduct deep, customized analysis by filtering, sorting, and grouping the entire ETF universe across hundreds of distinct data points. From high-level asset class trends to granular single-fund metrics, Navigator allows for the creation of bespoke dashboards tailored to any workflow, ensuring you can track the flows and metrics that matter most to your strategy.
Disclosures
Large Flow Activity: Significant single-day inflows or outflows may not always represent typical market sentiment. Such anomalies can be linked to strategic actions, including tax-efficient rebalancing through custom create/redeem processes. Monitoring these flows over a multi-day period is recommended for a comprehensive analysis.
AI Generated Content: This report was generated with assistance from AI.
ShareMarket Overview A wave of strong risk-on sentiment swept through the market, characterized by a significant rally in U.S. equities, with small-cap stocks posting exceptional […]
ShareMarket Flow Summary The U.S. ETF market recorded a total net inflow of +$2.28 billion. Vanguard led all issuers with the highest net inflow of […]
ShareMacro Overview U.S. equities surged on Friday, ignited by comments from Fed Chair Jerome Powell at the Jackson Hole symposium that were perceived as less […]
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
