ETF Daily Flows: Equities Absorb $16B as Total Market Inflows Top $20B

Issuer League Tables

Vanguard led all issuers in absolute flows on the day, capturing $17.58B in net new assets to bring its total assets under management to $4.45 trillion. Pacer and Avantis also demonstrated significant daily inflows of $1.41B and $1.14B, respectively, contrasting with iShares which recorded a leading daily outflow of $7.78B. On a relative basis, McElhenny Sheffield expanded its asset base by 34.87% in a single day, adding $96M to its $276M total. Conversely, Baron experienced the largest proportional drawdown, losing 18.79% of its $1.71B AUM via a $321M daily outflow.

Issuer Flows (Absolute)

Issuer Flows (Relative to AUM)

Daily ETF Flow Analysis

Total net flows across all asset classes reached $20.95B for the day, driven predominantly by a $16.01B influx into Equity funds. Fixed Income and Non-Traditional asset classes also recorded positive net flows of $3.42B and $2.20B, respectively. At the category level, U.S. Large Cap Blend equities absorbed the highest volume of capital at $8.04B, while Information Technology and Leveraged/Inverse Equity followed with $1.75B and $1.27B. Conversely, Precious Metals and Disruptive Tech thematic funds experienced the largest daily contractions, losing $574M and $356M in assets.

Asset Class Flows

Top/Bottom 10 Category Flows

U.S. Size & Style

Daily flow activity within U.S. Size and Style portfolios heavily favored Large Cap Blend funds, which amassed over $8.04B in net new capital. The VOO ETF drove a substantial portion of this activity, capturing $15.36B in a single day. Meanwhile, competing S&P 500 trackers experienced outflows, led by a $9.78B drawdown in IVV and a $3.40B decline in SPYM. Mid Cap Growth segments remained relatively muted with $85M in daily additions, while Small Cap Blend faced aggregate category outflows despite positive individual contributions from IWM.

Size & Style ex-U.S.

International size and style allocations generated $1.40B in positive daily flows, led by a $413M allocation to Emerging Large Cap funds. GCOW and ICOW were the primary beneficiaries among individual products, attracting $786M and $489M respectively. Broad Global Ex-U.S. Large Cap Blend funds added $355M to category totals, continuing a robust 1-year growth trend of $152.23B. In contrast, value-oriented EFV recorded the most severe localized contraction, shedding $433M from its $24.8B asset base.

Sector & Industry

Information Technology was the undisputed leader among sector allocations, drawing $1.75B in daily flows and pushing its total AUM to $480.11B. This movement was concentrated in semiconductor and software funds, with SMH and IGV securing $709M and $381M, respectively. The Industrials sector encountered the heaviest selling pressure, posting a net outflow of $296M. This decline was primarily attributed to defensive aerospace allocations, highlighted by a $426M withdrawal from ITA.

Region & Country

Regional equity flows highlighted a distinct preference for Asia-Pacific exposures, which aggregated $145M in daily net additions. Japanese equities commanded the majority of this capital, evidenced by $177M and $59M entering EWJ and BBJP. Conversely, Latin America and the Eurozone suffered daily liquidations of $171M and $133M, respectively. These regional drawdowns were reflected in individual country outflows, with EWN shedding $138M and EWA losing $113M.

Thematic

Thematic equity categories faced broad aggregate outflows of $325M, heavily influenced by a $356M rotation out of Disruptive Tech strategies. The CHAT and BAI portfolios recorded the sharpest single-day declines within the segment, releasing $320M and $152M. However, the Industrial Revolution category countered this trend by securing $154M in positive daily flows. Memory technology and space innovation strategies led individual product growth, with DRAM accumulating $203M and NASA taking in $117M.

Fixed Income

Fixed Income allocations added a net $3.42B for the day, supported largely by $1.40B directed toward Ultrashort duration instruments. Corporate and Government categories served as the primary growth vectors, capturing $1.11B and $1.05B, respectively. Among specific products, SGOV and VCLT dominated daily inflows with over $400M each. In contrast, intermediate corporate exposure saw notable reductions, highlighted by a $213M withdrawal from VCIT and a $181M reduction in emerging market bond holdings via EMB.

Commodity

The Commodity asset class recorded a net daily outflow of $516M, deteriorating its total 1-month trajectory to a negative $2.79B. The Precious Metals category was the source of near-total contraction, liquidating $574M primarily through substantial reductions in GLD and IAU. Conversely, Energy commodities demonstrated localized resilience with a $74M daily gain. This energy interest was concentrated in petroleum-focused products, allowing USO to collect $52M in new capital.

Cryptocurrency

Digital Asset flows were negative across the aggregate spectrum, losing $106M in total daily capital and contributing to a $6.28B monthly deficit. Bitcoin and Ethereum trackers drove the downward momentum, recording localized outflows of $82M and $41M, respectively. Consequently, major spot products such as IBIT and FBTC posted daily reductions of $62M and $20M. Conversely, multicoin and select altcoin portfolios experienced minor positive activity, led by a $13M addition to NCIQ.

Non-Traditional

Non-Traditional strategies collected $2.20B in daily net flows, propelled entirely by high-velocity trading in Leveraged and Inverse structures. Semiconductor leveraging was the focal point, enabling SOXL and NVDL to absorb massive daily inflows of $1.09B and $691M. Synthetic Income offerings supplemented this activity with an additional $473M, partially sourced from a $93M allocation to JEPQ. On the trailing end, tactical reductions in single-stock exposure triggered a $483M outflow from AMDL.

Recent Launches

The pace of product creation remained steady with a heavy emphasis on leveraged, unclassified, and specialized single-stock vehicles. Cambria led the recent vintage with its Global EW 2 ETF, rapidly accumulating $204.56M in assets within one day of its June 9th inception. Defiance continued to aggressively expand its leveraged single-stock lineup, rolling out multiple targeted products including daily multipliers on VELO and INFQ. Furthermore, Corgi expanded its fixed income footprint by debuting several distinct duration and credit quality tranches simultaneously.