By Maksym Misichenko · Yahoo Finance ·
What AI agents think about this news
The panel generally agreed that the single-day iShares outflows were likely noise or tactical rebalancing, not a fundamental shift away from passive investing. However, there's a risk that outflows are concentrated in higher-margin products, which could compress BlackRock's fee revenue even with flat AUM.
Risk: Concentration risk within the outflows, potentially targeting higher-margin products (ChatGPT, Claude)
Opportunity: Potential divergence in net new asset capture between BlackRock and Vanguard (Gemini)
This analysis is generated by the StockScreener pipeline — four leading LLMs (Claude, GPT, Gemini, Grok) receive identical prompts with built-in anti-hallucination guards. Read methodology →
(Table below reflects daily flows on June 9, 2026 and asset totals as of that date.)
ETF Brand League Table
Welcome to the etf.com league table. On this page, you’ll find the U.S. ETF market through different lenses: brand and issuer. What’s the difference? The brand is what the ETF says on the tin. For example, "iShares" is the brand of issuer "BlackRock’s" ETFs. Because many issuers license their ETF infrastructure to third parties, we present the data in both ways. The identification of the correct brand and legal issuer is done by our key data provider, FactSet.
| Brand | AUM ($, mm) | Net Flows ($, mm) | % of AUM | YTD 2026 Net Flows($,M) |
| 4,431,161.57 | -5,585.67 | -0.13% | 223,132.37 | |
| 4,427,408.36 | 9,120.09 | 0.21% | 260,177.55 | |
| 1,888,152.81 | -5,343.83 | -0.28% | 21,810.29 | |
| 943,817.59 | -2,269.85 | -0.24% | 35,540.53 | |
| 572,338.51 | 41.98 | 0.01% | 28,464.79 | |
| 317,180.13 | -265.46 | -0.08% | 33,501.58 | |
| 290,335.73 | 43.57 | 0.02% | 21,873.22 | |
| 216,580.92 | 111.60 | 0.05% | 14,506.22 | |
| 168,209.96 | 250.02 | 0.15% | 14,517.88 | |
| 155,353.56 | -59.99 | -0.04% | 8,520.94 | |
| 151,181.13 | -585.60 | -0.39% | 37,345.01 | |
| 143,387.17 | -94.78 | -0.07% | 28,961.24 | |
| 131,626.11 | 155.07 | 0.12% | 21,593.22 | |
| 122,491.82 | -216.81 | -0.18% | 5,726.59 | |
| 98,593.35 | 388.15 | 0.39% | 3,825.82 | |
| 95,783.47 | -343.24 | -0.36% | 12,077.80 | |
| 73,851.32 | 37.52 | 0.05% | -13,289.75 | |
| 62,717.28 | 72.59 | 0.12% | 6,392.75 | |
| 55,671.43 | 45.42 | 0.08% | 9,357.21 | |
| 54,038.34 | 78.01 | 0.14% | 4,211.93 | |
| 45,074.68 | 3.18 | 0.01% | 6,972.88 | |
| 43,058.62 | 0.00 | 0.00% | 4,401.44 | |
| 40,575.11 | 17.61 | 0.04% | -955.88 | |
| 35,252.20 | 841.43 | 2.39% | 3,530.04 | |
| 33,381.63 | 33.61 | 0.10% | 10,219.96 | |
| 31,627.28 | 12.07 | 0.04% | 1,116.73 | |
| 28,373.52 | 68.64 | 0.24% | 10,501.23 | |
| 27,400.22 | 8.67 | 0.03% | 5,163.57 | |
| 26,438.53 | 14.89 | 0.06% | 1,077.99 | |
| 25,762.99 | 338.92 | 1.32% | 13,698.96 | |
| 22,484.77 | 9.36 | 0.04% | 2,301.68 | |
| 20,166.25 | 0.00 | 0.00% | -755.84 | |
| 19,283.78 | 83.97 | 0.44% | 4,522.50 | |
| 18,950.47 | 30.22 | 0.16% | 1,611.99 | |
| 17,917.97 | 6.20 | 0.03% | 1,675.66 | |
| 17,774.17 | 26.21 | 0.15% | 1,204.98 | |
| 15,960.75 | 5.39 | 0.03% | 3,163.05 | |
| 15,922.48 | 71.43 | 0.45% | -98.38 | |
| 15,615.92 | 9.61 | 0.06% | -1,193.97 | |
| 14,680.45 | -11.90 | -0.08% | 5,015.91 | |
| 14,556.00 | -399.28 | -2.74% | 1,074.58 | |
| 13,835.21 | 18.53 | 0.13% | 1,947.39 | |
| 12,865.53 | 0.00 | 0.00% | 651.81 | |
| 12,505.39 | 15.07 | 0.12% | 1,056.47 | |
| 12,381.26 | 69.10 | 0.56% | 3,618.22 | |
| 11,772.30 | 23.99 | 0.20% | 3,912.04 | |
| 11,367.84 | 2.54 | 0.02% | 2,972.70 | |
| 10,274.77 | -2.48 | -0.02% | 1,151.86 | |
| 9,903.73 | 26.26 | 0.27% | 1,116.73 | |
| 9,130.53 | -142.81 | -1.56% | 1,150.06 | |
| 9,020.45 | 1.04 | 0.01% | 952.98 | |
| 8,641.91 | 0.00 | 0.00% | 333.96 | |
| 8,621.70 | 3.84 | 0.04% | 471.30 | |
| 7,710.44 | 3.72 | 0.05% | 1,081.94 | |
| 7,632.36 | 13.67 | 0.18% | 895.64 | |
| 7,377.69 | 0.00 | 0.00% | 948.61 | |
| 7,159.04 | 8.51 | 0.12% | 1,381.88 | |
| 7,098.47 | -96.67 | -1.36% | 835.49 | |
| 6,939.26 | -8.72 | -0.13% | 1,266.20 | |
| 6,391.49 | 17.24 | 0.27% | 581.78 | |
| 5,690.96 | 0.00 | 0.00% | 380.80 | |
| 5,668.60 | -30.65 | -0.54% | -2,605.31 | |
| 5,643.18 | 0.00 | 0.00% | 10,090.91 | |
| 5,504.65 | -12.16 | -0.22% | 1,247.81 | |
| 5,447.30 | 26.34 | 0.48% | 1,478.39 | |
| 5,146.13 | 31.94 | 0.62% | 448.03 | |
| 4,908.39 | 4.91 | 0.10% | 407.06 | |
| 4,905.89 | 4.65 | 0.09% | 3,455.32 | |
| 4,833.39 | 1.05 | 0.02% | 267.60 | |
| 4,728.48 | 10.50 | 0.22% | 376.14 | |
| 4,681.10 | 0.00 | 0.00% | 235.12 | |
| 4,620.04 | 2.33 | 0.05% | 675.63 | |
| 4,521.32 | -77.32 | -1.71% | 856.26 | |
| 4,475.13 | 68.28 | 1.53% | 1,779.33 | |
| 4,394.12 | 1.44 | 0.03% | 306.80 | |
| 4,256.30 | -17.75 | -0.42% | 636.98 | |
| 3,989.15 | 10.79 | 0.27% | 1,722.59 | |
| 3,940.76 | -1.50 | -0.04% | 175.60 | |
| 3,892.45 | 39.05 | 1.00% | 857.35 | |
| 3,880.33 | 76.40 | 1.97% | -75.24 | |
| 3,775.16 | -8.50 | -0.23% | 895.59 | |
| 3,470.21 | 0.00 | 0.00% | 762.86 | |
| 3,321.98 | 22.01 | 0.66% | 1,872.89 | |
| 3,201.77 | 2.07 | 0.06% | 1,656.05 | |
| 3,193.31 | 2.37 | 0.07% | 401.70 | |
| 3,066.80 | 7.25 | 0.24% | 831.40 | |
| 2,919.19 | 1.83 | 0.06% | 1,349.33 | |
| 2,832.49 | 0.97 | 0.03% | 550.11 | |
| 2,724.61 | 0.41 | 0.02% | 133.18 | |
| 2,692.84 | 0.28 | 0.01% | 436.06 | |
| 2,679.73 | 0.00 | 0.00% | -86.49 | |
| 2,672.72 | 4.99 | 0.19% | 940.96 | |
| 2,642.53 | 23.17 | 0.88% | 216.53 | |
| 2,543.37 | 39.04 | 1.53% | 971.05 | |
|
| 2,519.52 | 8.16 | 0.32% | 410.29 |
| 2,485.24 | 0.00 | 0.00% | 285.37 | |
| 2,448.05 | 0.08 | 0.00% | 414.68 | |
| 2,328.99 | 31.53 | 1.35% | 851.30 | |
| 2,268.64 | 0.25 | 0.01% | 257.82 | |
| 2,209.53 | 0.00 | 0.00% | 821.49 | |
| 2,130.99 | -1.98 | -0.09% | -119.21 | |
| 2,080.73 | 0.00 | 0.00% | 101.70 | |
| 2,040.71 | 0.00 | 0.00% | 43.45 | |
| 2,031.38 | 1.61 | 0.08% | 1,695.68 | |
| 2,011.15 | 0.00 | 0.00% | -33.19 | |
| 2,001.20 | 0.00 | 0.00% | 88.95 | |
| 1,875.01 | 15.57 | 0.83% | 131.81 | |
| 1,866.24 | 0.00 | 0.00% | 1,809.18 | |
| 1,859.26 | 210.91 | 11.34% | 3,465.26 | |
| 1,846.78 | 5.62 | 0.30% | 833.22 | |
| 1,738.24 | -0.71 | -0.04% | 530.60 | |
| 1,725.41 | 4.27 | 0.25% | 328.99 | |
| 1,724.20 | 3.69 | 0.21% | 689.61 | |
| 1,647.71 | 0.00 | 0.00% | -10.55 | |
| 1,552.02 | 0.00 | 0.00% | 19.78 | |
| 1,550.95 | 9.26 | 0.60% | 165.33 | |
| 1,472.26 | 2.66 | 0.18% | 379.09 | |
| 1,417.19 | 4.41 | 0.31% | 472.56 | |
| 1,407.31 | 0.02 | 0.00% | 36.34 | |
| 1,405.93 | 0.00 | 0.00% | 6.09 | |
| 1,387.57 | 2.21 | 0.16% | 197.99 | |
| 1,364.90 | 0.00 | 0.00% | -5.04 | |
| 1,353.93 | 0.00 | 0.00% | 22.69 | |
| 1,309.72 | 0.00 | 0.00% | 71.22 | |
| 1,301.92 | 0.00 | 0.00% | 105.80 | |
| 1,276.26 | -4.34 | -0.34% | 156.44 | |
| 1,267.28 | 18.59 | 1.47% | 711.60 | |
| 1,249.17 | 0.00 | 0.00% | 189.08 | |
| 1,240.05 | 0.01 | 0.00% | -13.65 | |
| 1,194.21 | 0.00 | 0.00% | 38.01 | |
| 1,176.86 | 0.00 | 0.00% | 122.62 | |
| 1,174.02 | 0.00 | 0.00% | 190.51 | |
| 1,158.72 | 0.00 | 0.00% | -5.33 | |
| 1,136.75 | 0.00 | 0.00% | 194.80 | |
| 1,128.66 | 2.91 | 0.26% | 271.03 | |
| 1,122.87 | 0.00 | 0.00% | 144.47 | |
| 1,119.45 | 0.00 | 0.00% | 240.33 | |
| 1,119.22 | 0.00 | 0.00% | 865.86 | |
| 1,062.25 | -2.31 | -0.22% | 167.47 | |
| 1,060.94 | -5.54 | -0.52% | 71.19 | |
| 1,046.20 | 0.00 | 0.00% | 482.16 | |
| 1,029.93 | 0.00 | 0.00% | 84.08 | |
| 996.31 | -2.92 | -0.29% | -2.72 | |
| 994.75 | 19.30 | 1.94% | 239.03 | |
| 973.05 | 0.00 | 0.00% | 109.31 | |
| 972.27 | 0.00 | 0.00% | 52.51 | |
| 966.35 | 0.00 | 0.00% | -72.69 | |
| 955.65 | 0.00 | 0.00% | 35.55 | |
| 943.72 | 4.41 | 0.47% | 62.45 | |
| 919.94 | 0.58 | 0.06% | 86.84 | |
| 909.15 | -0.58 | -0.06% | 640.63 | |
| 901.82 | -0.02 | 0.00% | 100.19 | |
| 874.34 | 0.00 | 0.00% | 467.50 | |
| 858.38 | 1.85 | 0.22% | 190.44 | |
| 825.88 | 5.46 | 0.66% | 287.49 | |
| 825.59 | -5.48 | -0.66% | -43.54 | |
| 823.58 | 2.24 | 0.27% | 42.40 | |
| 795.46 | -2.07 | -0.26% | 35.45 | |
| 782.40 | 5.06 | 0.65% | 106.23 | |
| 778.89 | -3.26 | -0.42% | -44.99 | |
| 776.02 | -1.68 | -0.22% | 157.08 | |
| 766.51 | 0.00 | 0.00% | 18.69 | |
| 756.02 | 0.00 | 0.00% | 25.39 | |
| 753.05 | 0.00 | 0.00% | 50.18 | |
| 751.37 | 0.00 | 0.00% | 30.68 | |
| 739.60 | 0.00 | 0.00% | -17.78 | |
| 737.65 | 0.00 | 0.00% | -10.25 | |
| 730.56 | 6.47 | 0.89% | 294.98 | |
| 700.79 | 0.00 | 0.00% | 50.77 | |
| 682.27 | 0.00 | 0.00% | -49.66 | |
| 671.61 | 0.00 | 0.00% | -21.09 | |
| 670.06 | 0.00 | 0.00% | -2.61 | |
| 665.45 | 0.00 | 0.00% | 90.58 | |
| 662.32 | 24.79 | 3.74% | 28.06 | |
| 657.95 | 0.00 | 0.00% | 1.07 | |
| 645.21 | 0.00 | 0.00% | 17.98 | |
| 643.52 | 8.74 | 1.36% | 285.50 | |
| 621.52 | 0.00 | 0.00% | 0.17 | |
| 613.51 | 14.04 | 2.29% | 195.24 | |
| 606.15 | 0.00 | 0.00% | 59.88 | |
| 605.30 | 0.00 | 0.00% | -19.66 | |
| 603.30 | 1.69 | 0.28% | 136.05 | |
| 595.20 | 0.00 | 0.00% | 88.08 | |
| 594.62 | -3.32 | -0.56% | 156.44 | |
| 592.14 | 0.00 | 0.00% | 33.94 | |
| 577.48 | 0.00 | 0.00% | 150.28 | |
| 577.42 | 0.00 | 0.00% | 16.25 | |
| 565.52 | 0.00 | 0.00% | 33.29 | |
| 560.70 | 2.95 | 0.53% | 201.04 | |
| 555.52 | 10.20 | 1.84% | 307.43 | |
| 555.12 | 2.64 | 0.48% | 109.01 | |
| 547.18 | 31.09 | 5.68% | 217.28 | |
| 539.16 | 0.00 | 0.00% | 47.28 | |
| 534.55 | 0.00 | 0.00% | 3.76 | |
| 525.87 | 0.00 | 0.00% | -336.48 | |
| 525.53 | -0.03 | -0.01% | 203.59 | |
| 511.74 | 0.19 | 0.04% | 25.36 | |
| 492.77 | 0.00 | 0.00% | 7.34 | |
| 486.49 | 0.00 | 0.00% | 122.60 | |
| 486.42 | 1.26 | 0.26% | 140.34 | |
| 485.96 | 4.21 | 0.87% | 90.44 | |
| 485.58 | 2.09 | 0.43% | 245.25 | |
| 479.56 | 2.04 | 0.43% | 262.77 | |
| 446.81 | -2.21 | -0.49% | 58.00 | |
| 444.84 | 5.07 | 1.14% | 85.79 | |
| 443.27 | -10.91 | -2.46% | 4.31 | |
| 443.08 | -3.09 | -0.70% | 27.10 | |
| 436.45 | 0.00 | 0.00% | 211.57 | |
| 417.17 | 0.00 | 0.00% | 19.10 | |
| 411.30 | 0.00 | 0.00% | 165.61 | |
| 406.03 | 0.00 | 0.00% | 55.23 | |
| 399.96 | 0.00 | 0.00% | 206.30 | |
| 388.57 | 16.52 | 4.25% | 384.50 | |
| 387.64 | 0.00 | 0.00% | -3.73 | |
| 386.69 | 1.73 | 0.45% | 76.68 | |
| 385.37 | 0.00 | 0.00% | -12.53 | |
| 376.93 | 2.82 | 0.75% | 137.56 | |
| 373.17 | 0.00 | 0.00% | 36.34 | |
| 357.08 | 0.00 | 0.00% | 19.87 | |
| 352.73 | 0.00 | 0.00% | -3.99 | |
| 348.53 | 0.00 | 0.00% | 221.16 | |
| 347.91 | 0.00 | 0.00% | 118.56 | |
| 344.60 | 0.00 | 0.00% | 95.67 | |
| 342.40 | 0.00 | 0.00% | -14.17 | |
| 341.79 | 2.06 | 0.60% | 225.99 | |
| 326.72 | 0.00 | 0.00% | 64.48 | |
| 316.35 | -0.02 | -0.01% | -9.50 | |
| 309.06 | -0.07 | -0.02% | -157.03 | |
| 306.16 | 1.02 | 0.33% | 22.10 | |
| 305.60 | 0.00 | 0.00% | 265.29 | |
| 296.63 | 0.00 | 0.00% | 63.66 | |
| 294.42 | 3.20 | 1.09% | 85.16 | |
| 293.24 | -0.01 | 0.00% | 3.23 | |
| 293.24 | 0.00 | 0.00% | 6.27 | |
| 282.94 | 0.00 | 0.00% | 149.65 | |
| 281.60 | 0.00 | 0.00% | 1.30 | |
| 278.05 | 10.81 | 3.89% | 1,183.41 | |
| 276.69 | 0.00 | 0.00% | 55.46 | |
| 275.83 | 0.00 | 0.00% | 5.04 | |
| 272.09 | 0.00 | 0.00% | 17.53 | |
| 269.17 | 0.00 | 0.00% | 46.90 | |
| 268.49 | 0.00 | 0.00% | 3.05 | |
| 265.31 | 1.66 | 0.63% | 41.94 | |
| 262.51 | 8.01 | 3.05% | 43.60 | |
| 262.32 | 0.00 | 0.00% | 37.59 | |
| 257.32 | 0.00 | 0.00% | 2.58 | |
| 256.68 | 0.07 | 0.03% | -21.93 | |
| 247.13 | 0.00 | 0.00% | 117.64 | |
| 246.97 | 0.00 | 0.00% | -1.50 | |
| 245.20 | -2.03 | -0.83% | -60.79 | |
| 242.00 | 0.00 | 0.00% | 98.57 | |
| 239.44 | 0.00 | 0.00% | 30.54 | |
| 237.11 | 0.00 | 0.00% | 41.84 | |
| 236.20 | 0.00 | 0.00% | 51.94 | |
| 226.19 | 2.58 | 1.14% | 4.01 | |
| 223.24 | -3.17 | -1.42% | 169.52 | |
| 218.62 | 0.00 | 0.00% | 87.09 | |
| 218.08 | 0.00 | 0.00% | -17.19 | |
| 215.99 | 0.00 | 0.00% | -99.05 | |
| 215.67 | 0.00 | 0.00% | 214.60 | |
| 213.40 | 0.00 | 0.00% | 76.63 | |
| 209.19 | 0.00 | 0.00% | -17.09 | |
| 206.86 | 6.16 | 2.98% | 2,342.17 | |
| 204.37 | 0.00 | 0.00% | 88.91 | |
| 202.03 | 0.00 | 0.00% | 12.48 | |
| 201.30 | -1.02 | -0.51% | 18.73 | |
| 198.12 | 0.00 | 0.00% | 42.00 | |
| 193.49 | 0.00 | 0.00% | 0.75 | |
| 192.30 | 0.00 | 0.00% | 93.98 | |
| 186.80 | 0.00 | 0.00% | 14.17 | |
| 184.51 | 0.00 | 0.00% | 113.63 | |
| 182.67 | 0.00 | 0.00% | 5.80 | |
| 181.12 | 0.00 | 0.00% | 18.51 | |
| 180.81 | 0.00 | 0.00% | -151.11 | |
| 179.03 | 0.00 | 0.00% | 65.46 | |
| 178.70 | 0.00 | 0.00% | 13.60 | |
| 176.44 | 0.00 | 0.00% | 7.20 | |
| 172.31 | 12.24 | 7.10% | 39.01 | |
| 172.23 | 0.00 | 0.00% | 3.54 | |
| 168.45 | 0.00 | 0.00% | 92.23 | |
| 168.11 | 0.00 | 0.00% | 5.16 | |
| 165.90 | 0.00 | 0.00% | 54.03 | |
| 164.78 | 2.66 | 1.61% | -38.79 | |
| 164.74 | 0.00 | 0.00% | -18.20 | |
| 163.96 | 0.00 | 0.00% | 74.97 | |
| 163.40 | 0.00 | 0.00% | -4.06 | |
| 158.90 | 0.00 | 0.00% | 13.85 | |
| 152.03 | 0.00 | 0.00% | 19.70 | |
| 151.55 | 0.00 | 0.00% | 8.42 | |
| 150.74 | 0.00 | 0.00% | 2.57 | |
| 150.08 | 0.01 | 0.00% | 10.32 | |
| 148.29 | 0.00 | 0.00% | -3.30 | |
| 142.95 | 0.00 | 0.00% | 7.70 | |
| 142.38 | 0.00 | 0.00% | 19.73 | |
| 141.08 | 0.00 | 0.00% | -10.28 | |
| 139.52 | 0.00 | 0.00% | 14.38 | |
| 137.76 | 0.00 | 0.00% | 3.80 | |
| 137.09 | 1.42 | 1.03% | 122.45 | |
| 134.11 | 0.69 | 0.52% | 70.26 | |
| 134.09 | 0.01 | 0.01% | 88.02 | |
| 133.17 | 0.00 | 0.00% | 439.48 | |
| 133.04 | 0.00 | 0.00% | 65.40 | |
| 131.95 | -0.38 | -0.29% | -16.79 | |
| 131.01 | 0.00 | 0.00% | 11.34 | |
| 130.26 | 0.00 | 0.00% | 1.03 | |
| 129.67 | -0.01 | -0.01% | -12.54 | |
| 128.10 | 0.00 | 0.00% | -33.05 | |
| 126.75 | 0.00 | 0.00% | 63.94 | |
| 125.71 | 0.00 | 0.00% | 69.94 | |
| 123.68 | 0.00 | 0.00% | 5.65 | |
| 120.71 | 0.00 | 0.00% | 43.71 | |
| 119.82 | 0.00 | 0.00% | -0.58 | |
| 118.16 | 0.00 | 0.00% | 0.59 | |
| 116.36 | 1.08 | 0.93% | 0.69 | |
| 115.75 | 0.00 | 0.00% | 3.43 | |
| 115.62 | 0.00 | 0.00% | 45.21 | |
| 115.42 | -0.01 | -0.01% | 2.61 | |
| 115.24 | 0.95 | 0.82% | 98.98 | |
| 113.16 | 0.00 | 0.00% | -416.97 | |
| 113.06 | 0.42 | 0.37% | 20.37 | |
| 110.26 | 0.00 | 0.00% | -9.06 | |
| 110.01 | 1.09 | 0.99% | 0.72 | |
| 110.00 | 0.00 | 0.00% | 11.35 | |
| 109.82 | 0.00 | 0.00% | 23.95 | |
| 107.19 | 0.00 | 0.00% | 17.99 | |
| 105.28 | 0.00 | 0.00% | 3.40 | |
| 103.59 | 0.00 | 0.00% | -0.15 | |
| 102.15 | 0.00 | 0.00% | 1.81 | |
| 101.34 | 0.00 | 0.00% | 10.62 | |
| 101.34 | 0.00 | 0.00% | 2.43 | |
| 100.83 | 7.49 | 7.43% | -20.07 | |
| 98.31 | 0.00 | 0.00% | 10.07 | |
| 98.18 | 0.00 | 0.00% | 1.80 | |
| 94.89 | 0.00 | 0.00% | 99.62 | |
| 94.06 | -3.43 | -3.65% | 9.88 | |
| 93.86 | 0.00 | 0.00% | 1.85 | |
| 92.56 | 0.00 | 0.00% | -7.91 | |
| 89.84 | 0.00 | 0.00% | 25.25 | |
| 89.72 | 0.00 | 0.00% | 29.52 | |
| 89.26 | 0.00 | 0.00% | -2.73 | |
| 89.14 | 0.00 | 0.00% | -8.35 | |
| 84.58 | 0.00 | 0.00% | 4.35 | |
| 84.24 | 0.00 | 0.00% | 425.98 | |
| 84.15 | 0.00 | 0.00% | 77.72 | |
| 82.88 | 0.00 | 0.00% | 15.90 | |
| 81.67 | 0.00 | 0.00% | 2.81 | |
| 80.82 | 0.00 | 0.00% | 12.65 | |
| 80.56 | 0.00 | 0.00% | -58.09 | |
| 79.29 | 0.00 | 0.00% | -14.36 | |
| 77.05 | 0.00 | 0.00% | 20.05 | |
| 75.95 | 2.10 | 2.77% | 39.71 | |
| 75.66 | -1.00 | -1.32% | 26.48 | |
| 74.95 | 0.00 | 0.00% | 6.49 | |
| 73.06 | -2.06 | -2.82% | 15.96 | |
| 72.72 | 0.00 | 0.00% | 5.69 | |
| 71.19 | 0.00 | 0.00% | 4.95 | |
| 68.76 | 3.40 | 4.95% | 36.52 | |
| 68.12 | 1.25 | 1.84% | 6.94 | |
| 68.04 | 0.00 | 0.00% | -2.93 | |
| 67.74 | 0.00 | 0.00% | 7.51 | |
| 67.36 | 0.00 | 0.00% | 3.70 | |
| 66.99 | 0.00 | 0.00% | 7.21 | |
| 66.61 | 0.01 | 0.01% | 11.48 | |
| 66.53 | 0.00 | 0.00% | 0.47 | |
| 66.44 | 0.00 | -0.01% | 0.64 | |
| 66.17 | -6.01 | -9.09% | -29.54 | |
| 63.71 | 6.81 | 10.69% | 65.61 | |
| 63.59 | -0.01 | -0.01% | 6.49 | |
| 62.85 | 0.00 | 0.00% | 13.04 | |
| 62.62 | 0.00 | 0.00% | 8.27 | |
| 62.61 | 0.00 | 0.00% | 27.36 | |
| 60.83 | 0.00 | 0.00% | 4.72 | |
| 59.96 | 0.00 | 0.00% | -50.78 | |
| 59.93 | 0.00 | 0.00% | -3.14 | |
| 59.37 | 0.00 | 0.00% | 14.64 | |
| 58.75 | 0.00 | 0.0
Four leading AI models discuss this article
"One-day ETF flows are noise and not a reliable signal of demand for passive investing."
The headline flags iShares outflows, but this is a single-day snapshot (June 9, 2026) across many brands. The data shows both inflows and outflows and the magnitude is small relative to total AUM, suggesting these moves may be noise or product-level rebalancing rather than a fundamental shift away from passive investing. Crucially missing is asset-class breakdown, creation/redemption activity, and cross-asset context (debt vs equity, equity factors vs broad caps). To infer a trend, we’d need multi-day, multi-asset flow patterns and changes in YTD/TTM trends rather than a one-day table. Without that, the obvious bearish read seems premature.
One day of outflows could be the start of a broader rotation, especially if persistent; the counterread is that a single-day figure often reverses, and the long-run data still shows broad demand for passive exposure.
"The reported daily outflows for iShares are statistically insignificant relative to their total AUM and do not signal a trend reversal given their strong YTD performance."
The headline focus on iShares (BlackRock) outflows is a classic case of noise over signal. While the $5.58 billion daily outflow looks alarming, it represents a fractional 0.13% of their $4.4 trillion AUM. More importantly, when you look at the YTD 2026 figures, iShares remains a dominant force with over $223 billion in net inflows, suggesting this is likely tactical rebalancing or institutional tax-loss harvesting rather than a structural shift in investor sentiment. Investors should focus on the broader trend of consolidation toward low-cost, high-liquidity providers. The real story isn't a single day's movement, but the continued dominance of the top three issuers in capturing the lion's share of industry growth.
If these outflows represent a sustained rotation out of passive equity vehicles into active management or cash equivalents due to macro uncertainty, the 'business as usual' narrative ignores a potential fundamental shift in asset allocation.
"A single day of $5.6B outflows is noise; iShares' $260B YTD inflow lead over Vanguard's $35.5B YTD is the signal, but the headline conflates daily volatility with trend."
The headline is misleading. Yes, iShares saw $5.6B outflows on June 9, but YTD 2026 flows are +$260B—iShares is still winning. The real story: Vanguard ($9.1B inflows) is outpacing iShares on a single day, but both are dwarfing competitors. The table shows massive concentration—top 3 players control ~$7.3T of ~$10T AUM. Smaller players see zero flows (many 0.00% daily). This isn't a crisis; it's normal daily volatility in a mature, consolidated market. One day of outflows doesn't signal a trend reversal.
If iShares' YTD inflows are slowing relative to Vanguard's momentum, and if fee compression accelerates, even $260B YTD could mask deteriorating market share—the real damage shows up in Q3-Q4 when seasonal flows normalize.
"One-day iShares outflows of $5.6B do not yet signal sustained pressure on BlackRock or the ETF industry given still-positive YTD inflows."
iShares posted the largest single-day outflow at -$5.59B on June 9 2026, or 0.13% of its $4.43T AUM, while the next three brands showed mixed results and YTD flows remain positive at +$223B. One-day moves often reflect rebalancing or tax-loss harvesting rather than structural shifts. The table omits which specific iShares products drove the redemptions, leaving open whether the pressure is concentrated in core equity, fixed income, or international exposures that could affect BlackRock fee revenue differently.
Daily ETF flows are notoriously noisy and frequently reverse within days; without intraday or multi-day trend data, labeling this a meaningful negative for iShares overstates a single snapshot.
"The real risk from a single-day outflow is concentration in core/high-fee or bond/intl products, which could compress BlackRock’s fee revenue and margins if the trend persists even with flat overall AUM."
While Grok rightly flags the data gaps, the bigger risk is concentration risk within the outflows. If the June 9 pressure is targeted in core, high-fee or bond/intl sleeves, BlackRock’s revenue sensitivity could rise even with flat AUM, because fees compress differently by product. A single-day snapshot plus product mix reveals more about margins than total AUM shifts; trend-followers should watch product-level flows and fee-refresh risk, not just the headline delta.
"The divergence in daily capture rates between Vanguard and iShares suggests a potential erosion of BlackRock's market share dominance that aggregate YTD figures currently mask."
Claude and Gemini are overly dismissive of the competitive delta. While they focus on the $223B YTD inflow, they ignore the 'Vanguard effect'—Vanguard’s $9.1B inflow against BlackRock’s $5.6B outflow on June 9 isn't just noise; it marks a potential divergence in net new asset capture. If this pattern persists, BlackRock’s premium valuation—based on its status as the 'default' institutional choice—will face margin pressure as fee wars intensify, regardless of whether the total AUM remains high.
"Product-level fee mix matters more than headline AUM flows for assessing BlackRock's margin trajectory."
ChatGPT's product-mix angle is underexplored. If June 9 outflows concentrated in iShares' bond or international sleeves—lower-margin products—BlackRock's fee revenue could compress even with flat headline AUM. Gemini's 'Vanguard effect' is real, but it's a single-day divergence, not yet a trend. The critical test: Are iShares' YTD inflows skewing toward lower-fee equity core products while outflows hit higher-margin sleeves? That would explain why $223B YTD masks deteriorating unit economics.
"Aggregate brand flows alone cannot support inferences about margin compression by product sleeve."
Claude's claim that YTD inflows could mask deteriorating unit economics assumes outflows hit higher-margin sleeves while inflows favor low-fee equity. The table provides only brand-level aggregates, so any product-mix divergence is pure speculation. Without ETF-specific creation/redemption data we cannot link the June 9 outflow to fee revenue pressure; the single-day Vanguard edge is the clearer signal to monitor instead.
The panel generally agreed that the single-day iShares outflows were likely noise or tactical rebalancing, not a fundamental shift away from passive investing. However, there's a risk that outflows are concentrated in higher-margin products, which could compress BlackRock's fee revenue even with flat AUM.
Potential divergence in net new asset capture between BlackRock and Vanguard (Gemini)
Concentration risk within the outflows, potentially targeting higher-margin products (ChatGPT, Claude)