U.S. Equities Remain King but Diversification Plays Grow

U.S. equities dominated ETF flows on April 28, drawing roughly $5.79 billion as investors favored large-cap and mega‑cap tech exposure. Major ETFs led inflows (QQQ, VOO) while international equity ETFs (URTH, IEFA) attracted renewed interest with about $960.7 million added, and U.S. fixed‑income ETFs saw $1.67 billion of inflows as rates held steady. Commodities faced outflows, led by SPDR Gold Shares (GLD) at about -$498.3 million, and high‑profile redemptions continued at ARK Innovation (ARKK, -$459.7 million). Total ETF flows were $8.64 billion, reflecting a market environment favoring U.S. equity leadership alongside selective diversification into international stocks and bonds.