Week ending 23 October 2026. US-listed ETFs took in +US$44.1B, led by VOO and a rush into semiconductor ETFs. In Australia, the biggest inflows went to A200 (+A$119.1M), OZBD and BGBL. Both markets sold gold; the big difference was tech.
Australia vs US: the same story?
Same direction
- Selling gold. Gold ETFs had outflows in both markets: GLD lost $2.3B in the US, while GOLD and GDX saw outflows here.
- Buying the S&P 500. US investors put $6.2B into VOO; here, IVV took in $37m.
- Buying bonds. US fixed income ETFs took in $12.7B. Here, the composite bond ETF OZBD added $98m.
Going different ways
- Chips vs tech. Americans bought the dip in semiconductors (SOXX, SMH and SOXL took $11B). Aussies sold tech: ASIA, FANG and LNAS all had outflows.
- Small caps. US investors sold small caps (IWM −$2.4B). In Australia the money went to the big end: A200 and IOZ.
- Long bonds. Australians sold long-dated global government bonds (GGOV −$46m), while US buyers favoured munis and corporate bonds.
Australian ETF flows this week
TOP 10 INFLOWS (A$)
TOP 10 OUTFLOWS (A$)
BY ASSET CLASS · THIS WEEK’S 20 BIGGEST MOVERS
Net flows of the top 10 inflows and top 10 outflows above, grouped by asset class. A quick weekly read, not the whole market.
BY ASSET CLASS · ALL ASX ETFS · SEPTEMBER 2026
Monthly: Australian issuers don’t publish weekly flows by asset class. +A$6.9B went into ASX ETFs in total.
2026 so far in Australia
BIGGEST INFLOWS, YEAR TO DATE
| Australian Shares Index | +A$3.8B |
| MSCI Index International Shares | +A$3.4B |
| Australia 200 | +A$2.3B |
| Global Shares | +A$2.0B |
| S&P/ASX 200 | +A$1.9B |
BIGGEST OUTFLOWS, YEAR TO DATE
| Vinva Global Alpha – Active | −A$4.4B |
| Quay Global Real Estate (AUD Hedged) Ac… | −A$150.9M |
| US Treasury Bond (Currency Hedged) | −A$146.6M |
| Alphinity Global Equity – Active | −A$142.8M |
| Global Sustainability Leaders | −A$135.5M |
US ETF flows this week
TOP 10 INFLOWS (US$)
TOP 10 OUTFLOWS (US$)
US FLOWS BY ASSET CLASS · THIS WEEK
What flows can and can’t tell you
Flows show where investors are putting money, which makes them a useful sentiment check. But following the crowd isn’t a strategy: the most popular trades can be the most crowded. We look at flows alongside price trends, which show whether an ETF is in a base, an uptrend or a downtrend. Read the base and trend method, or check your own ETFs with our free ETF overlap calculator.
ETF flows FAQs
What are ETF flows?
ETF flows are the money going into or out of an ETF. An inflow means investors bought more units than they sold, so the issuer created new units. An outflow means more were sold, so units were redeemed. Flows show where investors are putting their money; they are different from price returns.
Do ETF flows predict returns?
Not on their own. Big inflows show what investors are excited about, and very crowded trades can reverse. We treat flows as a sentiment check alongside price trends, not as a buy or sell signal.
Where does this data come from?
US flows come from etf.com’s weekly ETF flows report. Australian flows come from the Global X Weekly Market Monitor, which uses Bloomberg data. Some Australian ETFs, mainly Vanguard’s, only report flows monthly, so they may not show in the weekly lists.
How often is this page updated?
Weekly. US flows are usually published on Monday (US time), and we update this page after both reports are out.
Sources: US flows from etf.com weekly ETF flows, week ending 23 October 2026 (US$). Australian flows from the Global X Weekly Market Monitor (Bloomberg data), week ending 23 October 2026 (A$); excludes cross-listed ETFs that don’t report flows daily, and some ETFs report monthly. Australian flows by asset class: TMX Australia Funds Report, September 2026 (A$), all ASX and Cboe ETFs. Geared = leveraged or inverse ETF. General information only, not a recommendation to buy or sell any ETF.