ETF Daily Fund Inflow Report

Date: August 26, 2025

Headline: Growth Equity ETFs Attract Bulk of Inflows Amid Risk-On Sentiment

Market Overview
Today’s fund flows reflect a pronounced tilt toward growth-oriented equities, with seven of the top 10 ETFs focused on large-cap growth stocks or tech-heavy indices. This suggests investors may be positioning for continued risk appetite, potentially driven by expectations of resilient corporate earnings or a perceived moderation in rate hike concerns. While bond ETFs like AGG and SGOV also attracted inflows, their lower ranks in the list highlight a relative underweight compared to equities. The absence of sector-specific rotations or defensive positioning in the data implies a broad-based growth bias, though macroeconomic catalysts—such as upcoming earnings reports or central bank signals—remain unconfirmed as direct drivers.

ETF Highlights
AGG - iShares Core U.S. Aggregate Bond ETF
As the largest bond ETF with $129.89B in AUM, AGG’s $395.38M inflow likely reflects its role as a core fixed-income staple for diversified portfolios. Its 2.55% YTD gain, however, lags equity peers, suggesting investors may be balancing allocations rather than shifting decisively into bonds. The inflow underscores its utility for income seekers amid mixed-rate environment signals.

SCHG - Schwab U.S. Large-Cap Growth ETF
SCHG’s $381M inflow aligns with its focus on large-cap growth stocks, a theme reinforced by its 9.80% YTD return and $47.61B AUM. The ETF’s performance mirrors broader tech and innovation sector strength, which could be attracting capital as investors bet on earnings resilience. Its proximity to the SP 500 growth benchmark likely enhances its appeal amid a risk-on mood.

SPYG - SPDR Portfolio S&P 500 Growth ETF
SPYG’s $357.53M inflow highlights demand for S&P 500 growth exposure, with its 13.70% YTD return and $40.20B AUM positioning it as a benchmark-adjacent play. The ETF’s focus on large-cap growth—often weighted toward tech and communication services—may have benefited from sector-specific optimism, though its performance suggests returns are broadly in line with market leadership.

VUG - Vanguard Growth ETF
VUG’s $339.91M inflow reinforces growth equity’s dominance, supported by its 12.11% YTD return and massive $185.67B AUM. As a broad growth ETF, it captures gains across multiple sectors, making it a versatile choice for investors seeking diversified exposure to outperforming stocks. Its scale also suggests institutional and retail flows may be converging on the theme.

ETHA - iShares Ethereum Trust ETF
ETHA’s $233.59M inflow stands out as the only crypto-focused entry, with its 37.68% YTD surge reflecting speculative fervor amid Ethereum’s price action. While its $16.06B AUM indicates growing institutional acceptance, the inflow could signal tactical bets on short-term momentum rather than long-term positioning, given crypto’s volatility profile.

SGOV - iShares 0-3 Month Treasury Bond ETF
SGOV’s $211.26M inflow points to demand for ultra-short-duration fixed income, with its 0.34% YTD return highlighting its role as a liquidity buffer. The ETF’s low yield may reflect a hedge against rate uncertainty, though its relatively modest inflow compared to growth peers suggests caution rather than a shift toward defensiveness.

MGK - Vanguard Mega Cap Growth ETF
MGK’s $207.98M inflow aligns with its focus on mega-cap growth stocks, a subset of the broader growth equity rally. Its 12.34% YTD return and $29.29B AUM position it as a concentrated play on market leadership, potentially attracting investors seeking high-conviction exposure to dominant tech names.

QQQM - Invesco NASDAQ 100 ETF
QQQM’s $199.45M inflow underscores demand for concentrated tech exposure, with its 12.03% YTD return and $58.46B AUM reflecting its alignment with innovation-sector leaders. The inflow may indicate a rotation into Nasdaq-linked assets, which have historically outperformed in low-rate environments.

FELG - Fidelity Enhanced Large Cap Growth ETF
FELG’s $195.19M inflow, coupled with a 10.55% YTD return and $4.14B AUM, suggests niche demand for actively managed growth strategies. Its relatively smaller size compared to passively managed peers may indicate a focus on specialized growth factors or active stock selection, appealing to investors seeking differentiated returns.

SPLG - SPDR Portfolio S&P 500 ETF
SPLG’s $194.42M inflow and 10.11% YTD return highlight its role as a low-cost S&P 500 growth vehicle, with $82.62B AUM signaling broad institutional adoption. Its performance mirrors SPYG, but its portfolio construction—likely emphasizing liquidity and diversification—may make it a preferred choice for passive investors.

Notable Trends
The dominance of growth equity ETFs, particularly those tied to tech and innovation sectors, suggests a continuation of 2025’s leadership themes. ETHA’s inclusion in the top 10, despite crypto’s volatility, could signal speculative positioning or a tactical bet on Ethereum’s fundamentals. Conversely, the relatively modest inflow into SGOV versus equity peers may indicate a cautious, rather than defensive, market stance.

Conclusion
Today’s flows point to a risk-on bias, with growth equities capturing the lion’s share of investor capital. The concentration in large-cap and tech-linked ETFs, coupled with ETHA’s strong inflow, may indicate confidence in innovation-sector resilience and accommodative monetary policy expectations. However, the continued presence of bond ETFs like AGG and SGOV suggests a balancing act, as investors manage duration and yield trade-offs. Overall, the data could signal a market leaning toward growth and momentum plays, though macroeconomic clarity—or lack thereof—remains a key variable for future positioning.