Value and Tech Dominate Tuesday’s $10B Equity Flow Wave

Issuer League Tables

Vanguard and iShares led absolute flow activity on February 24, 2026, with Vanguard attracting $4,723M and iShares bringing in $2,577M. These top issuers maintain dominant 1-year flow totals of $471.27B and $406.43B, respectively, compared to more volatile daily readings for SPDR and Invesco. Conversely, Putnam experienced the steepest absolute outflows of the day at ($890M), followed by Invesco at ($284M). On a relative basis, IM saw the highest percentage growth with daily flows representing 10.35% of its $2,880M AUM, while BrandywineGLOBAL saw a relative decline of -18.66%.

Issuer Flows (Absolute)

Issuer Flows (Relative)

Daily ETF Flow Analysis

The total ETF market saw positive net flows of $14,016M for the day, driven primarily by the Equity asset class which contributed $10,051M. This daily Equity intake remains strong relative to the 1-month trend of $107,105M but trails the 1-year cumulative total of $957,736M. Commodity ETFs also recorded a significant daily increase of $2,241M, bolstered by focused interest in Precious Metals. Digital Assets continued to face headwinds with a daily outflow of ($244M), expanding on the year-to-date trend of ($3,667M) in net withdrawals.

Asset Class Flows

Top/Bottom 10 Category Flows

U.S. Size & Style

U.S. Large Cap Value ETFs were the primary destination for style-based flows on February 24, recording a substantial daily intake of $2,835M. This daily performance significantly outperformed U.S. Large Cap Growth, which saw more modest inflows of $317M. Conversely, U.S. Small Cap Blend faced the largest sectoral headwinds with daily outflows of ($482M). The long-term trend for U.S. Large Cap Blend remains highly positive with 1-year flows totaling $345,428M, despite a slight daily dip of ($39M).

Size & Style ex-U.S.

Emerging Large Cap ETFs dominated international equity activity with daily net flows of $2,221M on February 24. Global Ex-U.S. Large Cap Blend also saw strong interest, recording $919M in daily inflows, contributing to its $1,056.1B AUM. In contrast, Emerging Small | Mid Cap ETFs remained nearly flat with just $7M in daily intake. The year-to-date trend for Emerging Large Cap remains robust at $28,574M, while Global Ex-U.S. Large Cap Growth has faced 1-year outflows of ($2,120M).

Sector & Industry

Information Technology ETFs attracted the highest daily sector flows on February 24, recording an intake of $1,346M. This strong daily performance aligns with the broader Information Technology trend, which has seen $13,506M in net flows over the past year. Conversely, the Financials sector experienced significant daily pressure with outflows totaling ($1,441M), a sharp contrast to its 3-month positive flow of $454M. Utilities also saw notable daily interest, adding $182M to its $39.7B AUM.

Region & Country

The Asia-Pacific region led geographic flows on February 24 with $1,109M in daily net inflows, bringing its 1-year total to $14,691M. Within the region, specific country interest was highlighted by iShares MSCI South Korea ETF (EWY) which added $440M. In contrast, North American regional ETFs saw modest inflows of $79M, while the Africa-Middle East region recorded $17M. Latin America remains a strong performer over the past month with $1,967M in flows, despite a daily intake of $79M.

Thematic

Natural Resources thematic ETFs saw the highest daily inflows on February 24, adding $166M to its $59.4B AUM base. Infrastructure ETFs followed closely with daily net flows of $138M, reflecting a long-term trend that includes $12,323M in year-to-date inflows. Conversely, Disruptive Tech ETFs faced daily outflows of ($131M), though the category maintains a massive 1-year inflow total of $19,480M. Evolving Consumer and Sustainability themes recorded minimal daily changes of $3M and ($9M), respectively.

Fixed Income

Fixed Income ETFs recorded daily net flows of $988M on February 24, with Government types attracting the bulk of interest at $503M. Corporate bond ETFs also saw positive daily activity of $342M, contributing to a massive 1-month inflow total of $11,627M. On a duration basis, intermediate-term bonds were the clear leaders with $543M in daily inflows, while ultrashort-duration ETFs faced outflows of ($188M). Long-term trends remain very strong for Government bonds with 1-year cumulative flows reaching $127,146M.

Commodity

Commodity ETFs were highlighted by focused interest in Precious Metals, which recorded $2,269M in daily inflows on February 24. This single-day performance contributed heavily to the total category intake of $2,241M, though Energy ETFs faced daily outflows of ($70M). Multi-Sector Broad Market commodities also saw positive daily flows of $35M, adding to its $19.75B AUM. Precious Metals remain the dominant long-term performer in the asset class with 1-year cumulative flows reaching $58,029M.

Cryptocurrency

Cryptocurrency ETFs experienced a net outflow of ($244M) on February 24, led primarily by the Bitcoin category which saw daily withdrawals of ($204M). Ethereum ETFs also faced daily pressure with outflows totaling ($49M), while Altcoin ETFs recorded a minor daily intake of $10M. Despite daily and 3-month headwinds, Bitcoin ETFs maintain a strong 1-year inflow total of $15,688M. Total asset class AUM currently stands at $96.15B, with Bitcoin representing the vast majority at $82.73B.

Non-Traditional

Non-Traditional ETFs recorded daily net flows of $569M on February 24, driven heavily by Synthetic Income strategies which attracted $377M. Leverage | Inverse ETFs also contributed daily inflows of $150M, despite a more volatile 3-month trend of ($4,343M) in net withdrawals. Buffer ETFs saw positive daily interest of $41M, adding to its year-to-date total of $2,425M. The Synthetic Income – Equity category remains the long-term leader within this class, with 1-year inflows totaling $69,860M.

Recent Launches

The ETF market has seen significant recent launch activity, with BNY Mellon leading in terms of initial AUM for new products. BMOP (BNY Mellon Municipal Opportunities ETF) stands out as the most successful year-to-date launch with $1,871M in assets. MIG Core ETF (MIGO) is one of the most recent entries, debuting on February 23 with $529M in AUM. Launch activity remains dominated by active strategies, which account for $9.47B of total year-to-date launch AUM compared to just $0.08B for passive entries.