Weekly Channel Summary
The Region & Country ETF channel currently holds a total of $230 billion in Assets Under Management (AUM) across 184 ETFs from 36 different issuers. Over the past week, the channel experienced net outflows of -$0.19 billion. Despite the short-term retreat, year-to-date flows remain strongly positive, with a net inflow of $13.52 billion. However, looking at the trailing one-year period, the channel has seen modest net outflows totaling -$0.28 billion, indicating some recent shifts in investor sentiment.
This Week’s Performance Leaders and Laggards
This week’s performance was highlighted by significant gains in Vietnam-focused ETFs, which posted an impressive average return of 7.62% week-to-date (WTD) and are up over 60% year-to-date (YTD). On the other end of the spectrum, Brazil was the primary laggard, with ETFs in this category dropping an average of -5.40% for the week, though they still maintain a strong YTD gain of over 31%. This divergence underscores the varied investor sentiment across different single-country exposures.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Vietnam | 7.62% | 7.36% | 28.43% | 69.57% | 60.29% | 49.27% |
| Argentina | 3.70% | -3.89% | -13.61% | -4.43% | -13.60% | 3.03% |
| India | 0.96% | -0.46% | -2.71% | 10.33% | 0.14% | -5.48% |
| United Arab Emirates | 0.80% | 2.16% | 1.63% | 22.48% | 21.67% | 35.84% |
| Indonesia | 0.17% | 2.71% | 4.91% | 26.58% | 2.18% | -8.06% |
| Greece | 0.09% | 3.89% | 8.52% | 50.55% | 72.79% | 71.34% |
| Japan | -1.59% | -1.39% | 9.34% | 23.78% | 19.72% | 18.98% |
| Americas | -2.79% | -0.91% | 5.43% | 25.43% | 30.83% | 20.61% |
| China | -4.38% | 2.33% | 18.27% | 34.94% | 33.19% | 23.30% |
| Brazil | -5.40% | -4.19% | 2.34% | 21.25% | 31.61% | 8.16% |
Top & Bottom 5 ETFs by Weekly Performance
The standout individual performer this week was the Global X MSCI Vietnam ETF (VNAM), which surged by 7.93%. In contrast, Chinese technology ETFs faced significant headwinds. The two worst performers were the Invesco China Technology ETF (CQQQ), which fell by -8.91%, and the Roundhill China Magnificent Seven ETF (MAGC), which declined by -8.73%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| VNAM | Global X MSCI Vietnam ETF | 7.93% |
| VNM | VanEck Vietnam ETF | 7.30% |
| ARGT | Global X MSCI Argentina ETF | 3.70% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 2.72% |
| FLJH | Franklin FTSE Japan Hedged ETF | 2.48% |
| Bottom Performers | ||
| CQQQ | Invesco China Technology ETF | -8.91% |
| MAGC | Roundhill China Magnificent Seven ETF | -8.73% |
| TCHI | iShares MSCI China Multisector Tech ETF | -8.31% |
| PGJ | Invesco Golden Dragon China ETF | -8.30% |
| CNXT | VanEck ChiNext ETF | -7.37% |
Analyzing the Weekly Flows
The Region & Country channel saw total net outflows of -$192 million this past week. The Americas category was the bright spot, attracting the most inflows with +$153 million and managing a total AUM of $24.9 billion. Africa-Middle East also saw positive interest with +$29 million in net inflows. In contrast, the Eurozone category experienced the largest outflows, with investors pulling out -$305 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Americas | 18 | $24.9B | $153M | $691M | $277M | $2,911M | $2,732M |
| Africa-Middle East | 11 | $2.5B | $29M | $178M | $139M | $413M | $522M |
| Asia-Pacific | 101 | $131.6B | ($70M) | $1,288M | $2,459M | $1,423M | ($6,118M) |
| Eurozone | 53 | $71.3B | ($305M) | ($1,534M) | ($3,152M) | $8,776M | $2,582M |
Top & Bottom 5 ETFs by 5-Day Flow
On an individual fund basis, the iShares MSCI Eurozone ETF (EZU) led all funds, attracting +$296 million in new assets. Conversely, the iShares Europe ETF (IEV) saw the most significant outflows of the week at -$618 million, followed closely by the iShares MSCI Japan ETF (EWJ) with -$415 million in redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| EZU | iShares MSCI Eurozone ETF | $296M |
| KWEB | KraneShares CSI China Internet ETF | $135M |
| AIA | iShares Asia 50 ETF | $97M |
| EWZ | iShares MSCI Brazil ETF | $73M |
| EWC | iShares MSCI Canada ETF | $56M |
| Outflows | ||
| IEV | iShares Europe ETF | ($618M) |
| EWJ | iShares MSCI Japan ETF | ($415M) |
| EWA | iShares MSCI Australia ETF | ($49M) |
| DXJ | WisdomTree Japan Hedged Equity Fund | ($20M) |
| EWI | iShares MSCI Italy ETF | ($16M) |
Issuer League Table Update
The issuer landscape is dominated by the top two players, with iShares holding a commanding 49.47% market share and Vanguard following with 15.49%. This week, KraneShares was the top asset gatherer, bringing in +$135 million in net inflows. On the other hand, market leader iShares experienced the largest weekly outflows among all issuers, totaling -$399 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 64 | $113.93B | 49.47% |
| Vanguard | 2 | $35.68B | 15.49% |
| JPMorgan | 5 | $32.75B | 14.22% |
| KraneShares | 7 | $10.53B | 4.57% |
| WisdomTree | 10 | $10.11B | 4.39% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| KraneShares | $135M |
| JPMorgan | $68M |
| Invesco | $30M |
| Outflows | |
| iShares | -$399M |
| WisdomTree | -$18M |
| Global X | -$17M |
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.
