Investors added $27.2 billion to US-listed ETFs during the week ending Friday, Aug. 28, pushing year-to-date inflows to $1.38 trillion.

International equity ETFs led the way with $9.1 billion, followed by US fixed income ETFs with $8.6 billion. US equity ETFs took in a relatively modest $2.3 billion, less even than the $2.5 billion that went into currency funds.

The backdrop was a firmer stock market and a softer bond market. The S&P 500 rose about 1% last week, while the 10-year Treasury yield ticked a few basis points higher. On Monday it climbed further, reaching as much as 4.77%, its highest level since January 2025.

Judging by the flows, ETF investors have been treating those higher yields as a buying opportunity.
At the individual fund level, the Vanguard S&P 500 ETF (VOO) led with $11.4 billion, lifting its year-to-date haul to a whopping $106 billion. The Vanguard Short-Term Treasury ETF (VGSH) followed with $2.7 billion.

Meanwhile, both the AI trade and the debasement trade remained in play, with $1.6 billion flowing into the VanEck Semiconductor ETF (SMH) and $1.2 billion into the iShares Bitcoin Trust ETF (IBIT).

For a full list of last week's top inflows and outflows, see the tables below.
Ticker
Name
Net Flows ($, mm)
AUM ($, mm)

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