Vanguard Dominates with $3.5B Inflow; Fixed Income Sees $4.8B Surge

Issuer League Tables

Vanguard led absolute issuer flows for the session with $3,573M in net creations, continuing a dominant trend seen in its $88.29B YTD total. In contrast, SPDR faced significant absolute pressure with $4,724M in outflows, which deviated sharply from its positive 5-day flow of $2,927M. On a relative basis, smaller brands like River1 and Wedbush posted substantial gains of 7.58% and 7.57% of AUM, respectively. Conversely, Relative Sentiment experienced the sharpest relative decline, losing 20.12% of its asset base in a single day.

Top/Bottom 5 Brands (Absolute Flows)

Top/Bottom 5 Brands (Relative Flows)

Daily ETF Flow Analysis

The total ETF market saw a combined net inflow of $2,956M for the session, driven primarily by a $4,811M surge into Fixed Income. Equity suffered significant outflows of $1,120M, though its 1-year total remains robust at $952.75B. Commodity and Non-Traditional asset classes also faced headwinds, posting daily outflows of $570M and $314M, respectively. Digital Assets bucked recent weekly trends of heavy redemptions by recording a modest $63M inflow.

Asset Class Flows

Top 10 / Bottom 10 Category Flows

U.S. Size & Style

U.S. Large Cap Growth remains a high-conviction area, capturing $1,259M in daily flows and pushing its 1-year total to $109.68B. Conversely, U.S. Large Cap Blend faced a massive $6,196M outflow, primarily driven by redemptions in legacy products. U.S. Small Cap Blend also saw pressure with $224M in redemptions, underperforming the broader market’s year-to-date pace. Despite short-term volatility, U.S. Large Cap Value saw healthy daily interest with $384M in new assets.

Size & Style ex-U.S.

International equity was dominated by Global Ex-U.S. Large Cap Blend, which secured $1,085M in daily inflows, contributing to its $24.61B YTD total. Emerging Large Cap also showed strength with $198M in creations, maintaining a steady 1-year flow rate of $61.63B. Vanguard products like VXUS and VEA were primary beneficiaries, attracting $510M and $207M respectively. Conversely, the Vanguard International Dividend Appreciation ETF (VIGI) faced redemptions of $48M, highlighting a slight pivot away from dividend-focused international growth.

Sector & Industry

The Industrial sector led all peer groups with $444M in daily creations, extending its impressive 1-year inflow total to $12.21B. Health Care and Real Estate categories followed closely, posting inflows of $192M and $220M respectively. Information Technology saw minor aggregate redemptions of $56M, though the Technology Select Sector SPDR (XLK) bucked this trend with $293M in creations. Notable laggards included Financials and Communication Services, which faced outflows of $4M and $30M during the session.

Region & Country

Asia-Pacific and Eurozone regions tied as the session’s top regional gainers, each attracting $244M in daily net flows. South Korea was a specific area of interest, with EWY recording $244M in creations, nearly mirroring its regional aggregate. Latin America also saw positive momentum with $63M in inflows, supported by its strong 1-month trend of $3.69B. Conversely, China-focused funds faced headwinds, as KWEB reported $99M in redemptions, contrasting its year-to-date total of $13.02B in inflows.

Thematic

Natural Resources and Disruptive Tech themes captured significant daily attention, recording $55M and $35M in net creations, respectively. The Dan Ives Wedbush AI Revolution ETF (IVES) led thematic creations with $79M, emphasizing ongoing investor focus on artificial intelligence. Conversely, Infrastructure and Precious Metals categories faced daily headwinds with redemptions of $67M and $65M. Roundhill’s Magnificent Seven ETF (MAGS) saw significant outflows of $69M, departing from its generally positive monthly performance trend.

Fixed Income

Multi-Sector Fixed Income was the absolute leader in bond flows for the session, capturing $2,786M and bringing its 1-year total to $206.1B. Duration preferences were skewed toward the Intermediate segment, which saw $3,357M in new assets, while Long-duration products suffered $213M in redemptions. High-quality corporate bonds also remained in favor, with FI: Corporate seeing $1,093M in daily inflows. Vanguard’s BNDX and iShares’ SGOV were the top individual fund beneficiaries, with $314M and $312M in daily creations respectively.

Commodity

The Commodity asset class saw sharp aggregate outflows of $570M, primarily centered in the Precious Metals category which lost $747M in a single session. This daily decline stands in sharp contrast to the 1-month performance, where the category has captured $2,071M. Multi-Sector and Energy categories provided a small buffer with inflows of $127M and $54M respectively. Notably, iShares Silver Trust (SLV) faced the session’s heaviest thematic redemption, losing $547M in assets despite a massive 1-year inflow total of $59.09B.

Cryptocurrency

Ethereum-linked products were the primary driver of positive flow for the Digital Asset segment, recording $67M in daily net creations. This daily rebound comes after a challenging month where Ethereum has faced $1,220M in redemptions. Bitcoin products remained under pressure, posting daily outflows of $3M, contributing to a substantial $3,827M monthly redemption total. Individual fund leaders included the ProShares Ether ETF (EETH) with $58M, while institutional giants like IBIT and ETHA each saw $9M in daily redemptions.

Non-Traditional

Synthetic Income categories attracted $204M in daily flows, continuing their dominant trend of $70.13B in trailing 1-year assets. Buffer strategies also remained in high demand, securing $123M in net creations, which aligns with its positive $2.24B YTD total. Leverage and Inverse strategies faced the session’s heaviest redemptions, losing $640M in aggregate daily flows. Notably, the Direxion Daily Semiconductor Bull 3X (SOXL) led all individual fund flows with $91M in new assets despite category-level pressure.

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