Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel, comprising 312 ETFs from 88 issuers, currently holds a total of $1.389 trillion in assets under management. The channel experienced net inflows of $460 million over the past week. Year-to-date, investors have poured $103.35 billion into these ETFs, contributing to a total inflow of $135.29 billion over the last twelve months, reflecting sustained interest in international equity markets outside the United States.
This Week’s Performance Leaders and Laggards
This week saw varied performance across international markets, with Global Ex-U.S. Large Cap Value emerging as the most resilient category, posting a modest Week-to-Date (WTD) return of -0.17%. Despite the weekly dip, this category maintains a strong Year-to-Date (YTD) gain of 28.53%. On the other end of the spectrum, Emerging Market Small & Mid Cap ETFs were the primary laggards, declining by -2.97% WTD, though they still hold onto a respectable 15.59% gain for the year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Global Ex-U.S. Large Cap – Value | -0.17% | 0.90% | 6.61% | 15.64% | 28.53% | 19.27% |
| Equity: Global Ex-U.S. Small | Mid Cap | -0.43% | 1.40% | 7.92% | 21.25% | 30.11% | 20.69% |
| Equity: Global Ex-U.S. Large Cap – Blend | -0.50% | 1.29% | 4.97% | 13.99% | 23.64% | 14.10% |
| Equity: Global Ex-U.S. Large Cap – Growth | -0.90% | 1.47% | 3.31% | 12.55% | 18.88% | 10.36% |
| Equity: Emerging Large Cap | -1.43% | 3.06% | 6.83% | 17.39% | 21.64% | 12.78% |
| Equity: Emerging Small | Mid Cap | -2.97% | 0.34% | 5.82% | 16.20% | 15.59% | 8.96% |
Among individual ETFs, the best performer in the Global Ex-U.S. segment was the Alpha Architect International Quantitative Momentum ETF (IMOM), which gained 1.17% WTD. In the Emerging Markets space, the First Trust Bloomberg Emerging Market Democracies ETF (EMDM) led the way with a 0.30% return. On the downside, the Matthews Emerging Markets Discovery Active ETF (MEMS) was the worst performer with a -4.65% weekly return, followed by the Bancreek International Large Cap ETF (BCIL), which fell by -3.48%.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Top Performers | ||
| IMOM | Alpha Architect International Quantitative Momentum ETF | 1.17% |
| LVHI | Franklin International Low Volatility High Dividend Index ETF | 1.14% |
| FYLD | Cambria Foreign Shareholder Yield ETF | 1.06% |
| JDVI | John Hancock Disciplined Value International Select ETF | 1.03% |
| AADR | AdvisorShares Dorsey Wright ADR ETF | 0.71% |
| Bottom Performers | ||
| BCIL | Bancreek International Large Cap ETF | -3.48% |
| PCIG | Polen Capital International Growth ETF | -2.50% |
| PJIO | PGIM Jennison International Opportunities ETF | -2.07% |
| MOTI | VanEck Morningstar International Moat ETF | -1.94% |
| MCSE | Franklin Sustainable International Equity ETF | -1.93% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Top Performers | ||
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 0.30% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | -0.13% |
| NSI | National Security Emerging Markets Index ETF | -0.40% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | -0.52% |
| FFEM | Fidelity Fundamental Emerging Markets ETF | -0.56% |
| Bottom Performers | ||
| MEMS | Matthews Emerging Markets Discovery Active ETF | -4.65% |
| EMSF | Matthews Emerging Markets Sustainable Future Active ETF | -3.20% |
| PCEM | Polen Capital Emerging Markets ex China Growth ETF | -3.16% |
| AVEE | Avantis Emerging Markets Small Cap Equity ETF | -3.02% |
| EEMS | iShares MSCI Emerging Markets Small Cap ETF | -2.97% |
Analyzing the Weekly Flows
Despite mixed performance, the channel saw net inflows of $456 million this week. The Global Ex-U.S. Large Cap – Blend category was the standout winner, attracting $2.27 billion in new assets and bringing its total AUM to $853.6 billion. Emerging Large Cap also saw significant interest with $801 million in inflows. Conversely, the Global Ex-U.S. Large Cap – Growth category experienced the largest outflows, with investors pulling $1.27 billion.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 110 | $853.6B | $2,273M | $11,148M | $29,647M | $70,930M | $91,825M |
| Emerging Large Cap | 98 | $341.1B | $801M | $4,681M | $10,199M | $19,892M | $25,345M |
| Emerging Small | Mid Cap | 6 | $3.1B | ($55M) | $0M | ($70M) | ($489M) | ($815M) |
| Global Ex-U.S. Large Cap – Value | 50 | $103.6B | ($291M) | $512M | $2,952M | $13,610M | $16,615M |
| Global Ex-U.S. Small | Mid Cap | 18 | $52.2B | ($1,002M) | $572M | $2,485M | $3,276M | $3,655M |
| Global Ex-U.S. Large Cap – Growth | 26 | $35.0B | ($1,270M) | ($2,799M) | ($1,672M) | ($3,874M) | ($1,343M) |
Drilling down to individual funds, the Vanguard FTSE Developed Markets ETF (VEA) led inflows in the Global Ex-U.S. segment, gathering $1.08 billion. For Emerging Markets, the Vanguard FTSE Emerging Markets ETF (VWO) was the clear favorite, with $813 million in new assets. The largest outflows were seen from the iShares MSCI EAFE Growth ETF (EFG), which shed $1.55 billion, and the iShares MSCI EAFE Value ETF (EFV), with outflows of $563 million.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Inflows | ||
| VEA | Vanguard FTSE Developed Markets ETF | $1,081M |
| IXUS | iShares Core MSCI Total International Stock ETF | $480M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $240M |
| VYMI | Vanguard International High Dividend Yield ETF | $193M |
| VXUS | Vanguard Total International Stock ETF | $171M |
| Outflows | ||
| EFG | iShares MSCI EAFE Growth ETF | ($1,545M) |
| EFV | iShares MSCI EAFE Value ETF | ($563M) |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | ($544M) |
| SCHC | Schwab International Small-Cap Equity ETF | ($431M) |
| IQLT | iShares MSCI Intl Quality Factor ETF | ($327M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Inflows | ||
| VWO | Vanguard FTSE Emerging Markets ETF | $813M |
| AVEM | Avantis Emerging Markets Equity ETF | $108M |
| DEM | WisdomTree Emerging Markets High Dividend Fund | $36M |
| DVYE | iShares Emerging Markets Dividend ETF | $34M |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | $29M |
| Outflows | ||
| EMXC | iShares MSCI Emerging Markets ex China ETF | ($339M) |
| EWX | SPDR S&P Emerging Markets Small Cap ETF | ($55M) |
| JHEM | John Hancock Multifactor Emerging Markets ETF | ($10M) |
| BKF | iShares MSCI BIC ETF | ($4M) |
| AGEM | abrdn Emerging Markets Dividend Active ETF | ($3M) |
Issuer League Table Update
iShares and Vanguard continue to dominate the issuer landscape, commanding 39.70% and 33.73% of the market share, respectively. This week, Vanguard was the clear winner in asset gathering, pulling in an impressive $2.11 billion in new flows. On the other hand, iShares, despite its leading market share, saw the largest outflows among top issuers, with a net redemption of $2.24 billion.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $551.27B | 39.70% |
| Vanguard | 8 | $468.42B | 33.73% |
| Schwab | 7 | $96.71B | 6.96% |
| Dimensional | 15 | $73.41B | 5.29% |
| SPDR | 12 | $50.56B | 3.64% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Vanguard | $2,106M |
| Avantis | $397M |
| Dimensional | $298M |
| Outflows | |
| iShares | -$2,238M |
| Schwab | -$678M |
| SPDR | -$189M |
For a deeper dive into these trends, access our FREE, in-depth Thematic ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
