Equities Surge by $6.8B as SPDR Takes the Lead

Issuer League Tables

SPDR commanded the absolute issuer landscape with $3,040M in net daily inflows, surpassing iShares at $2,296M despite iShares holding a broader total market share. Adaptiv led relative organic growth metrics, gathering daily flows equating to 61.13% of its total assets under management. BNY Mellon experienced the most significant absolute outflows, shedding $768M in a single trading session.

Issuer Flows (Absolute)

Issuer Flows (Relative)

Daily ETF Flow Analysis

Equity ETFs captured the largest absolute capital inflows for the session, gathering $6,755M to push year-to-date net flows to $260,725M. The Fixed Income asset class followed with $1,186M in daily allocations, driven largely by short-duration and government products. Conversely, Digital Asset funds faced broad liquidations, posting $587M in single-day outflows.

Asset Class Flows

Top/Bottom 10 Category Flows

U.S. Size & Style

U.S. Large Cap Blend strategies dominated domestic equity allocations, drawing $3,910M in aggregate category flows. The IWM ticker led all individual products with $1,749M in single-day net creations. Large Cap Value strategies demonstrated moderate positive traction with $356M in inflows, while Small Cap Value faced mild redemptions of $108M.

Size & Style ex-U.S.

Global Ex-U.S. Large Cap Blend funds attracted the most consistent capital among international groups, adding $227M during the session. URTH stood out among individual international funds by securing $245M in net new assets. Meanwhile, Emerging Large Cap strategies encountered notable headwinds, leading to $134M in daily liquidations.

Sector & Industry

Energy sector ETFs gathered $381M in daily inflows, building upon a strong $4,935M one-month trend. Financials registered the largest daily sector outflows, returning $478M to push their one-month net flows to negative $2,522M. XLE successfully captured $297M of the energy sector’s total daily allocations.

Region & Country

Japan-focused allocations drove regional flows, highlighted by EWJ taking in $245M during the trading day. Broad Asia-Pacific allocations faced headwinds, resulting in a net $302M drawdown across the category. Taiwan and India specific funds experienced the sharpest localized redemptions, losing $180M and $154M respectively.

Thematic

Infrastructure and Multi-Sector thematic strategies posted positive daily flow metrics, collecting $73M and $28M respectively. Natural Resources strategies endured the steepest single-day thematic decline, shedding $80M. GDX and IGF shared the top position for individual thematic funds, each attracting $47M in new capital.

Fixed Income

Government fixed income products secured $1,110M in daily inflows, heavily concentrated in ultrashort duration instruments. The HYG fund captured $394M to lead all individual fixed income products for the day. Corporate debt strategies broadly lagged, posting $763M in aggregate category outflows.

Commodity

Multi-Sector commodity funds gathered $517M during the session, reversing elements of the group’s broader $12,002M one-month outflow trend. HGER led all single-ticker commodity allocations with a robust $313M influx. Crude oil and silver products faced the steepest tactical redemptions, led by USO and SLV.

Cryptocurrency

Bitcoin spot products experienced a net outflow profile across the category, though isolated funds like ARKB bucked the trend to gather $33M. Broad Altcoin and Ethereum strategies registered liquidations of $20M and $187M respectively. The FSOL product saw the largest individual drawdown with $12M exiting the fund.

Non-Traditional

Leveraged and Inverse equity strategies dominated the non-traditional segment, attracting $524M in net tactical flows. SOXL captured $574M in a single day, heavily pacing the leveraged semiconductor category. Synthetic Income ETFs continued a steady long-term accumulation trend, absorbing an additional $204M in daily allocations.

Recent Launches

The domestic ETF marketplace expanded with 259 new product launches over the preceding three months. Sterling Capital introduced two unclassified fixed income strategies, SCUB and SCSB, initiating trading on March 30th. Direxion and iShares also notably expanded their single-stock leveraged and defined maturity bond suites during late March.