Fixed Income Gathers Assets Amid Large-Cap U.S. Equity Exodus

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Issuer League Tables

Note on Flow Volatility: Daily flow outliers may be driven by specialized portfolio rebalancing. With the continued growth of actively managed ETFs, these events occur with greater frequency and often do not align with traditional, scheduled index rebalance dates.

iShares led all issuers with a $1.34B inflow, continuing a strong trend that has seen the firm add $95.00B over the past month and $243.48B year-to-date. VanEck had a standout day, securing the second position with $886.3M in new assets, while Schwab also saw significant demand, adding $476.2M. On the other end of the spectrum, Invesco and SPDR faced the largest redemptions, shedding ($3.07B) and ($2.56B) respectively. On a relative basis, Burney saw the most significant outflows, with redemptions of ($258.4M) accounting for 20.54% of its assets under management.

Issuer Flows (Absolute)

Brand AUM 1 Day 5 Day 30 Day YTD 1 Year
Top 5 Leaders
iShares $4,556.63B $1.34B $15.37B $95.00B $243.48B $489.87B
VanEck $159.70B $886.3M $3.39B $3.25B $12.93B $22.15B
Schwab $583.60B $476.2M $1.55B $8.08B $36.69B $59.18B
Roundhill $34.17B $382.3M $1.80B $9.66B $23.52B $28.46B
Xtrackers $32.18B $277.9M $74.3M $7.7M $1.15B $483.2M
Top 5 Laggards
Invesco $965.29B ($3.07B) ($3.97B) $15.89B $52.78B $93.76B
SPDR $1,981.08B ($2.56B) ($446.2M) $13.61B $67.26B $131.87B
First Trust $222.12B ($1.40B) $240.9M $3.91B $18.40B $27.23B
T. Rowe Price $30.33B ($551.9M) $357.6M $2.42B $7.58B $11.15B
Burney $1.26B ($258.4M) $1.9M $23.0M $61.0M $88.9M

Issuer Flows (Relative to AUM)

Brand AUM 1 Day Flow 1 Day Flow % of AUM
Top 5 Leaders
Anfield $600.6M $73.8M 12.29%
Parnassus Investments $196.5M $13.3M 6.76%
Faith Investor Services $313.9M $17.3M 5.50%
Anydrus $72.2M $3.6M 5.05%
Myriad Capital $465.6M $22.6M 4.85%
Top 5 Laggards
Burney $1.26B ($258.4M) (20.54%)
BeeHive $195.0M ($14.7M) (7.55%)
RiverNorth $50.7M ($3.4M) (6.75%)
ClearBridge $417.5M ($21.4M) (5.14%)
Federated Hermes $2.80B ($112.9M) (4.04%)

Daily ETF Flow Analysis

The ETF market recorded a net outflow of ($3.46B) for the day, a reversal from the positive trends seen over the past week ($37.14B) and month ($223.78B). The daily withdrawal was driven primarily by the Equity asset class, which shed ($6.51B). In contrast, Fixed Income continued to attract capital, pulling in $2.50B. Category-level data showed significant outflows from U.S. Large Cap Blend ($5.06B) and U.S. Large Cap Growth ($2.65B), while Thematic Disruptive Tech ($713.2M) and Government Ultrashort ($625.2M) funds were the most popular destinations for new assets.

Asset Class Flows

Asset Class AUM 1 Day 1 Week 1 Month YTD 1 Year
Equity $12,192.98B ($6.51B) $18.89B $155.08B $703.22B $1,253.87B
Fixed Income $2,598.68B $2.50B $13.60B $60.62B $346.87B $595.38B
Commodity $307.56B $221.5M $285.2M ($4.60B) ($7.61B) $27.63B
Alternative $12.76B $2.0M ($52.6M) ($13.6M) $3.17B $5.35B
Multi-Asset $39.90B $240.2M $256.9M $781.6M $7.21B $12.31B
Currency $2.94B ($13.0M) ($14.0M) $100.4M $649.5M $198.5M
Non-Traditional $486.63B $149.8M $3.62B $14.38B $53.69B $85.23B
Digital Asset $90.27B ($53.8M) $558.4M ($2.57B) ($5.98B) $13.08B
Total $15,731.72B ($3.46B) $37.14B $223.78B $1,101.23B $1,993.05B

Category Flows (Top/Bottom 10)

Category AUM 1 Day Flow
Top 10 Leaders
Equity: Thematic – Disruptive Tech $103.78B $713.2M
Fixed Income: Taxable – Government Ultrashort $265.73B $625.2M
Fixed Income: Taxable – Government Long $130.07B $458.1M
Equity: Sector – Information Technology $486.89B $420.4M
Equity: Global Ex-U.S. Large Cap – Blend $1,127.25B $355.6M
Fixed Income: Taxable – Ultrashort $196.43B $293.1M
Non-Traditional: Synthetic Income – Equity $190.12B $289.4M
Commodity: Focused – Precious Metals $276.35B $260.6M
Equity: Global Ex-U.S. Large Cap – Value $140.26B $233.7M
Fixed Income: Specialty – Defined Maturity $71.50B $214.3M
Bottom 10 Laggards
Equity: U.S. Large Cap – Blend $4,678.88B ($5.06B)
Equity: U.S. Large Cap – Growth $1,445.75B ($2.65B)
Equity: Sector – Financials $102.35B ($344.3M)
Equity: U.S. Small Cap – Growth $61.54B ($213.1M)
Equity: Sector – Consumer Discretionary $33.60B ($204.4M)
Non-Traditional: Leverage | Inverse – Equity $133.63B ($200.3M)
Equity: Thematic – Infrastructure $65.43B ($193.3M)
Equity: Thematic – Evolving Consumer $13.88B ($181.5M)
Non-Traditional: Leverage | Inverse – Single Stock $41.10B ($139.1M)
Equity: Global Ex-U.S. Small | Mid Cap $68.19B ($129.7M)

U.S. Size & Style

Large-cap U.S. equity funds experienced substantial redemptions, led by outflows from the State Street SPY at ($2.42B) and the Invesco QQQ at ($2.42B). The iShares Core S&P 500 ETF (IVV) also saw a significant withdrawal of ($1.05B). Bucking the trend, the iShares Russell 2000 ETF (IWM) attracted the most capital in the category with a $455.2M inflow. Climate-focused strategies also saw demand, with the Xtrackers MSCI USA Climate Action Equity ETF (USCA) and iShares Climate Conscious & Transition MSCI USA ETF (USCL) adding $265.2M and $263.5M, respectively.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
IWM iShares Russell 2000 ETF $82.09B $455.2M
USCA Xtrackers MSCI USA Climate Action Equity ETF $3.44B $265.2M
USCL iShares Climate Conscious & Transition MSCI USA ETF $2.80B $263.5M
SCHD Schwab US Dividend Equity ETF $98.27B $87.3M
QUAL iShares MSCI USA Quality Factor ETF $45.92B $75.9M
Top 5 Laggards
SPY State Street SPDR S&P 500 ETF $781.49B ($2.42B)
QQQ Invesco QQQ Trust Series I $474.29B ($2.42B)
IVV iShares Core S&P 500 ETF $884.22B ($1.05B)
RSP Invesco S&P 500 Equal Weight ETF $95.08B ($791.6M)
TCAF T. Rowe Price Capital Appreciation Equity ETF $7.57B ($650.2M)

Explore the U.S. Size & Style Explorer →

Size & Style ex-U.S.

Flows into ex-U.S. equities were led by value-oriented strategies, with the iShares MSCI EAFE Value ETF (EFV) gathering $186.1M. The broadly diversified Schwab International Equity ETF (SCHF) also saw strong interest, pulling in $162.3M. On the other side of the ledger, the Avantis International Small Cap Value ETF (AVDV) experienced the largest redemption in the category, shedding ($99.2M) for the day.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
EFV iShares MSCI EAFE Value ETF $25.68B $186.1M
SCHF Schwab International Equity ETF $65.46B $162.3M
APIE ActivePassive International Equity ETF $1.11B $53.8M
EFG iShares MSCI EAFE Growth ETF $16.60B $48.5M
DFAE Dimensional Emerging Core Equity Market ETF $9.49B $46.3M
Top 5 Laggards
AVDV Avantis International Small Cap Value ETF $18.89B ($99.2M)
SCZ iShares MSCI EAFE Small-Cap ETF $13.95B ($33.1M)
CGIE Capital Group International Equity ETF $2.29B ($15.9M)
QINT American Century Quality Diversified International ETF $650.5M ($10.4M)
EDIV State Street SPDR S&P Emerging Markets Dividend ETF $1.23B ($8.3M)

Explore the Global (ex-U.S.) Size & Style Explorer →

Sector & Industry

The semiconductor industry saw a significant divergence in flows, with the VanEck Semiconductor ETF (SMH) attracting a massive $682.3M inflow. Conversely, the iShares Semiconductor ETF (SOXX) recorded an outflow of ($422.1M). Elsewhere, the State Street Materials Select Sector SPDR ETF (XLB) added $140.5M. The largest sector redemptions came from financials, where the State Street SPDR S&P Regional Banking ETF (KRE) lost ($374.1M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SMH VanEck Semiconductor ETF $71.96B $682.3M
XLB State Street Materials Select Sector SPDR ETF $8.35B $140.5M
IGV iShares Expanded Tech-Software Sector ETF $13.79B $106.5M
IXC iShares Global Energy ETF $2.16B $100.2M
XLI State Street Industrial Select Sector SPDR ETF $33.80B $81.2M
Top 5 Laggards
SOXX iShares Semiconductor ETF $46.83B ($422.1M)
KRE State Street SPDR S&P Regional Banking ETF $5.25B ($374.1M)
XLY State Street Consumer Discretionary Select Sector SPDR ETF $22.86B ($161.4M)
XLC State Street Communication Services Select Sector SPDR ETF $23.25B ($54.8M)
KBE State Street SPDR S&P Bank ETF $1.58B ($50.4M)

Explore the Sector & Industry Explorer →

Region & Country

Single-country ETFs focused on Asia saw the most demand, with a trio of Franklin Templeton funds leading the way. The Franklin FTSE Taiwan ETF (FLTW) brought in $80.1M, followed closely by the Franklin FTSE Japan ETF (FLJP) with $70.8M and the Franklin FTSE South Korea ETF (FLKR) with $57.6M. Outflows were more modest and concentrated in Europe, with the iShares MSCI Germany ETF (EWG) seeing the largest redemption at ($37.3M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
FLTW Franklin FTSE Taiwan ETF $3.01B $80.1M
FLJP Franklin FTSE Japan ETF $3.80B $70.8M
FLKR Franklin FTSE South Korea ETF $1.24B $57.6M
EWI iShares MSCI Italy ETF $896.1M $45.0M
IEUR iShares Core MSCI Europe ETF $8.64B $29.9M
Top 5 Laggards
EWG iShares MSCI Germany ETF $1.63B ($37.3M)
AIA iShares Asia 50 ETF $4.77B ($20.8M)
EWJ iShares MSCI Japan ETF $22.03B ($13.9M)
EWJV iShares MSCI Japan Value ETF $726.9M ($13.6M)
EWN iShares MSCI Netherlands ETF $518.3M ($13.6M)

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Thematic

Disruptive technology themes captured significant investor interest, led by a substantial $420.6M inflow into the Roundhill Memory ETF (DRAM). The iShares A.I. Innovation and Tech Active ETF (BAI) also saw strong demand, adding $244.6M. In contrast, housing and infrastructure themes faced headwinds, with the iShares U.S. Home Construction ETF (ITB) shedding ($220.8M) and the Global X U.S. Infrastructure Development ETF (PAVE) losing ($162.1M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
DRAM Roundhill Memory ETF $23.42B $420.6M
BAI iShares A.I. Innovation and Tech Active ETF $13.99B $244.6M
CIBR First Trust NASDAQ Cybersecurity ETF $14.23B $77.9M
XHB State Street SPDR S&P Homebuilders ETF $2.06B $42.4M
MGNR American Beacon GLG Natural Resources ETF $826.4M $20.2M
Top 5 Laggards
ITB iShares U.S. Home Construction ETF $2.43B ($220.8M)
PAVE Global X U.S. Infrastructure Development ETF $13.85B ($162.1M)
DTCR Global X Data Center And Digital Infrastructure ETF $2.20B ($31.6M)
MAGS Roundhill Magnificent Seven ETF $3.83B ($29.7M)
XME State Street SPDR S&P Metals & Mining ETF $4.08B ($20.4M)

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Fixed Income

Demand for government debt was strong, particularly at the long and short ends of the curve. The iShares 20+ Year Treasury Bond ETF (TLT) led all fixed income funds with a $463.8M inflow, while the iShares 0-3 Month Treasury Bond ETF (SGOV) collected $421.9M. High yield corporate bonds saw mixed activity, as the State Street SPDR Portfolio High Yield Bond ETF (SPHY) added $223.5M, but the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) saw the category’s largest outflow at ($278.3M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
TLT iShares 20+ Year Treasury Bond ETF $41.99B $463.8M
SGOV iShares 0-3 Month Treasury Bond ETF $97.42B $421.9M
SPHY State Street SPDR Portfolio High Yield Bond ETF $11.19B $223.5M
BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF $46.54B $202.1M
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF $35.23B $150.6M
Top 5 Laggards
HYG iShares iBoxx $ High Yield Corporate Bond ETF $16.86B ($278.3M)
SHV iShares Trust iShares 0-1 Year Treasury Bond ETF $20.83B ($85.9M)
QLTA iShares Aaa-A Rated Corporate Bond ETF $1.32B ($77.5M)
JNK State Street SPDR Bloomberg High Yield Bond ETF $7.43B ($76.6M)
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $11.58B ($39.9M)

Explore the related Explorers: Taxable → · Municipal → · Specialty →

Commodity

Precious metals funds were at the center of commodity flows, though activity was split. The SPDR Gold Shares (GLD) was the clear leader, attracting $410.4M in new assets. However, other metals funds saw redemptions, including a ($76.5M) outflow from the iShares Gold Trust (IAU) and a ($52.8M) withdrawal from the iShares Silver Trust (SLV). The largest outflow in the asset class came from the Harbor Commodity All-Weather Strategy ETF (HGER), which shed ($98.8M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
GLD SPDR Gold Shares $131.41B $410.4M
USO United States Oil Fund LP $2.29B $55.7M
EDGH 3EDGE Dynamic Hard Assets ETF $148.8M $22.0M
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF $2.38B $5.8M
PPLT abrdn Physical Platinum Shares ETF $1.80B $3.6M
Top 5 Laggards
HGER Harbor Commodity All-Weather Strategy ETF $3.28B ($98.8M)
IAU iShares Gold Trust $60.50B ($76.5M)
SLV iShares Silver Trust $27.93B ($52.8M)
GLDM SPDR Gold Minishares Trust of beneficial interest $27.48B ($24.1M)
GSG iShares S&P GSCI Commodity Indexed Trust $865.5M ($9.0M)

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Cryptocurrency

The digital asset space registered a net outflow of ($53.8M) as inflows into smaller funds were unable to offset redemptions from the largest products. The Grayscale Bitcoin Mini Trust ETF (BTC) led on the creations side, adding $52.8M. This was countered by outflows from the Grayscale Bitcoin Trust ETF (GBTC) and the iShares Bitcoin Trust ETF (IBIT), which lost ($63.7M) and ($59.1M), respectively.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
BTC Grayscale Bitcoin Mini Trust ETF $3.51B $52.8M
BITO ProShares Bitcoin ETF $1.43B $14.5M
HYPG Grayscale Hyperliquid Staking ETF $134.0M $3.3M
ETHV VanEck Ethereum ETF $85.0M $1.3M
GSUI Grayscale Sui Staking ETF $21.7M $103.2K
Top 5 Laggards
GBTC Grayscale Bitcoin Trust ETF $8.44B ($63.7M)
IBIT iShares Bitcoin Trust ETF $45.55B ($59.1M)
GSOL Grayscale Solana Staking ETF $100.8M ($2.0M)
EETH ProShares Ether ETF $54.0M ($425.0K)
LTCC Canary Litecoin ETF $5.1M ($423.3K)

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Non-Traditional

Synthetic income strategies were a bright spot, with the NEOS Nasdaq 100 High Income ETF (QQQI) pulling in $150.5M. Leveraged natural gas exposure was also in demand, as the ProShares Ultra Bloomberg Natural Gas (BOIL) added $106.4M. The largest redemption was seen in the ProShares UltraPro QQQ (TQQQ), which experienced a significant outflow of ($316.8M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
QQQI NEOS Nasdaq 100 High Income ETF $13.08B $150.5M
BOIL ProShares Ultra Bloomberg Natural Gas $315.2M $106.4M
SQQQ ProShares UltraPro Short QQQ $2.12B $102.1M
SOXS Direxion Daily Semiconductor Bear 3X ETF $1.53B $61.8M
SPXU ProShares UltraPro Short S&P500 $426.8M $35.5M
Top 5 Laggards
TQQQ ProShares UltraPro QQQ $35.06B ($316.8M)
SNXX Tradr 2X Long SNDK Daily ETF $3.58B ($52.2M)
SSO ProShares Ultra S&P 500 $8.03B ($50.3M)
GGLL Direxion Daily GOOGL Bull 2X ETF $1.11B ($37.8M)
SH ProShares Short S&P500 $913.8M ($37.2M)

Explore the related Explorers: Buffer → · Synthetic Income → · Leverage | Inverse →

Recent Launches

The most recent market entrants are a suite of leveraged single-stock and thematic ETFs from issuers GraniteShares and Corgi, all with an inception date of July 7th, 2026. These products, including the GraniteShares 2x Long P Daily ETF (PUL) and Corgi NVTS 2x Daily ETF (NVTC), are still in their initial stages of asset gathering. The new funds from Corgi currently hold AUM figures ranging from approximately $190K to $238K.

Ticker Name ETF Action Category Inception AUM
PUL GraniteShares 2x Long P Daily ETF Unclassified 7/7/2026 $0
NVTC Corgi NVTS 2x Daily ETF Unclassified 7/7/2026 $190.1K
TERC Corgi TER 2x Daily ETF Unclassified 7/7/2026 $211.6K
CIR Corgi CRCL 2x Daily ETF Unclassified 7/7/2026 $217.0K
AXTC Corgi AXTI 2x Daily ETF Unclassified 7/7/2026 $221.6K
COHC Corgi COHR 2x Daily ETF Unclassified 7/7/2026 $221.9K
LRCC Corgi LRCX 2x Daily ETF Unclassified 7/7/2026 $224.6K
AMKX Corgi AMKR 2x Daily ETF Unclassified 7/7/2026 $227.7K
ONDC Corgi ONDS 2x Daily ETF Unclassified 7/7/2026 $229.8K
MPWC Corgi MPWR 2x Daily ETF Unclassified 7/7/2026 $237.5K

Disclosures

This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.

Flow data is reported after close on a T+1 basis. This report’s data is as of July 09, 2026, and reflects create/redeem activity from Thursday, July 09, 2026.

This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.

©2026 ETF Action, Inc. All Rights Reserved. Data provided by FactSet.