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BREAKING: The S&P 500 Equal Weight ETF, $RSP, has seen -$2.0 billion in outflows so far in April, on track for its largest monthly outflow on record.
This comes after $RSP posted +$6.0 billion in inflows in February, the largest swing in flows since the fund's inception.
By comparison, the previous record monthly outflow was -$1.5 billion set in mid-2025.
This also suggests narrowing market breadth as investors are rotating back into large-cap tech stocks.
Money is flowing back into the Mag 7.