ETF Daily Fund Inflow Report

Date: September 26, 2025
Headline: Growth and Broad Market ETFs Attract Largest Inflows, With Value and Bonds Gaining Incremental Share

Market Overview
Today’s fund flows reflect a mixed but generally risk-inclined investor approach, with equity-focused ETFs capturing the majority of inflows. Broad market benchmarks, growth-oriented strategies, and small-cap exposures dominated the top rankings, while intermediate-term Treasury and aggregate bond funds also attracted capital, suggesting a balancing act between equity risk and defensive positioning. The absence of extreme outflows in bond assets contrasts with recent volatility, though macroeconomic signals remain unclear. The top 10 list features a blend of growth and value equity strategies, hinting at a potential search for diversification within equities rather than a stark rotation.

ETF Highlights
The SPDR S&P 500 ETF Trust (SPY) led inflows with $4.04 billion, reinforcing its role as a core proxy for U.S. large-cap equities. With $663.50 billion in assets, SPY’s YTD performance of 12.91% aligns with broader market resilience, and its scale suggests sustained demand for low-cost, broad-market exposure. Similarly, the iShares Core S&P 500 ETF (IVV) added $4.03 billion, mirroring SPY’s performance (up 12.95% YTD) and underscoring competitive positioning in the S&P 500 space.

Growth-oriented flows were evident in the iShares Russell 2000 ETF (IWM), which drew $2.19 billion. As a small-cap benchmark, IWM’s 9.23% YTD return may reflect renewed interest in cyclical sectors or dispersion trades. The SPDR Portfolio S&P 500 Growth ETF (SPYG) and SPDR Portfolio S&P 500 Value ETF (SPYV) secured $1.10 billion and $994.32 million, respectively. SPYG’s 17.94% YTD outperformance—against SPYV’s 7.61%—highlights ongoing growth momentum, though SPYV’s inflow suggests tentative value re-rating.

Bond allocations included the Vanguard Intermediate-Term Treasury ETF (VGIT) and Vanguard Total Bond Market ETF (BND), which captured $363.42 million and $222.81 million. VGIT’s 3.34% YTD return and $33.61 billion AUM position it as a favored intermediate-duration play, while BND’s $138.43 billion AUM and 3.20% YTD performance reflect steady demand for core fixed income. The iShares Core U.S. Aggregate Bond ETF (AGG) added $200.66 million, its 3.26% YTD return aligning with broader bond market trends.

Notable among value strategies was the Avantis U.S. Large Cap Value ETF (AVLV), which secured $276.36 million. With an 8.32% YTD return and $8.34 billion AUM, AVLV’s inflow could signal niche demand for actively managed value exposure, though its market share remains smaller compared to passive peers. The iShares Russell Top 200 Growth ETF (IWY) also attracted $381.44 million, its 15.16% YTD performance reinforcing growth’s dominance in large-cap arenas.

Notable Trends / Surprises
The coexistence of growth and value inflows—particularly in SPYG, SPYV, and AVLV—hints at a nuanced approach to equity allocation rather than a binary shift. Meanwhile, the Russell 2000’s strong showing (IWM) contrasts with its typically higher volatility, potentially signaling optimism about small-cap resilience. The bond segment’s presence in the top 10, though modest, underscores a tactical diversification effort, with intermediate Treasuries (VGIT) outpacing aggregate bonds (AGG) in relative appeal.

Conclusion
Today’s flows suggest a market positioning that balances growth momentum with defensive ballast. The prominence of S&P 500 proxies and growth ETFs indicates continued faith in large-cap equities, while value and small-cap inflows may reflect attempts to capitalize on potential re-ratings. Bond inflows, particularly in intermediate-duration Treasuries, hint at a measured approach to interest rate uncertainty. Collectively, the data points to a cautiously optimistic stance, with investors layering into both growth and value equity segments while maintaining a hedge in fixed income.