Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, which currently houses 318 ETFs from 89 issuers with total assets of $1.48T, saw robust activity this week. The channel gathered $3.66B in net inflows over the last 5 days, contributing to a substantial year-to-date haul of $141.94B. Over the past year, these funds have attracted $155.65B in new capital, underscoring sustained investor interest in international diversifiers.
This Week’s Performance Leaders and Laggards
Emerging Markets outperformed Developed Markets this week, with the Equity: Emerging Large Cap category taking the top spot with a Week-to-Date (WTD) return of 1.06%. Conversely, smaller capitalization stocks struggled, as the Equity: Emerging Small | Mid Cap category lagged the field with a return of -0.40%. Despite the weekly dip, Emerging Small | Mid Caps remain up 15.50% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Emerging Large Cap | 1.06% | 0.42% | 7.50% | 15.92% | 27.26% | 23.95% |
| Equity: Global Ex-U.S. Large Cap – Value | 0.68% | 3.44% | 5.56% | 30.01% | 34.58% | 12.76% |
| Equity: Global Ex-U.S. Large Cap – Growth | 0.58% | 1.11% | 3.62% | 6.43% | 22.08% | 16.32% |
| Equity: Global Ex-U.S. Large Cap – Blend | 0.57% | 1.90% | 4.70% | 23.25% | 28.40% | 9.96% |
| Equity: Global Ex-U.S. Small | Mid Cap | 0.06% | 3.25% | 3.67% | 29.38% | 33.56% | 13.26% |
| Equity: Emerging Small | Mid Cap | -0.40% | -0.90% | -0.32% | 11.91% | 15.50% | 8.68% |
Individual standout performances included the GEME (Pacific North of South EM Equity Active ETF), which led Emerging Markets with a 2.53% return. In the Global Ex-U.S. segment, IPOS (Renaissance International IPO ETF) took top honors gaining 2.72%. On the downside, MEMS and AADR were the week’s notable laggards, falling -1.53% and -1.42% respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IPOS | Renaissance International IPO ETF | 2.72% |
| ICPY | Tweedy, Browne International Insider + Value ETF | 1.96% |
| PQNT | Pictet AI Enhanced International Equity ETF | 1.81% |
| PATN | Pacer Nasdaq International Patent Leaders ETF | 1.81% |
| IQDY | FlexShares International Quality Dividend Dynamic Index Fund | 1.79% |
| Bottom Performers | ||
| AADR | AdvisorShares Dorsey Wright ADR ETF | -1.42% |
| DWMF | WisdomTree International Multifactor Fund | -0.83% |
| IDLV | Invesco S&P International Developed Low Volatility ETF | -0.75% |
| HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | -0.68% |
| HSCZ | iShares Currency Hedged MSCI EAFE Small-Cap ETF | -0.55% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| GEME | Pacific North of South EM Equity Active ETF | 2.53% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 2.23% |
| FRDM | Freedom 100 Emerging Markets ETF | 2.19% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 2.19% |
| EMCS | Xtrackers MSCI Emerging Markets Climate Selection ETF | 1.79% |
| Bottom Performers | ||
| MEMS | Matthews Emerging Markets Discovery Active ETF | -1.53% |
| WCME | First Trust WCM Developing World Equity ETF | -0.49% |
| EEMS | iShares MSCI Emerging Markets Small Cap ETF | -0.38% |
| EWX | SPDR S&P Emerging Markets Small Cap ETF | -0.31% |
| AVEE | Avantis Emerging Markets Small Cap Equity ETF | -0.24% |
Analyzing the Weekly Flows
Investors allocated a net $3.66B to the channel this week. The majority of these flows were directed toward the Global Ex-U.S. Large Cap – Blend category, which absorbed $2.2B, bringing its total AUM to $913.2B. Emerging Large Cap also saw significant interest, gathering $954M. In contrast, Global Ex-U.S. Large Cap – Growth experienced mild outflows of -$39M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Global Ex-U.S. Large Cap – Blend | 115 | $913.2B | $2,204M | $10,094M | $30,696M | $93,263M | $101,998M |
| Equity: Emerging Large Cap | 100 | $358.4B | $954M | $7,006M | $14,767M | $30,101M | $32,418M |
| Equity: Global Ex-U.S. Large Cap – Value | 51 | $112.6B | $399M | $1,065M | $2,391M | $15,998M | $17,410M |
| Equity: Global Ex-U.S. Small | Mid Cap | 19 | $57.4B | $143M | $912M | $3,722M | $6,591M | $7,231M |
| Equity: Emerging Small | Mid Cap | 6 | $3.1B | $0M | $21M | $24M | ($465M) | ($533M) |
| Equity: Global Ex-U.S. Large Cap – Growth | 27 | $36.5B | ($39M) | $106M | ($2,754M) | ($3,547M) | ($2,870M) |
At the fund level, IEMG was the top Emerging Markets inflow leader, gathering $482M. In the Global Ex-U.S. segment, VXUS led the way with $704M in new assets. Meanwhile, EFG and XCEM saw the largest outflows, shedding -$91M and -$13M respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VXUS | Vanguard Total International Stock ETF | $704M |
| VEA | Vanguard FTSE Developed Markets ETF | $448M |
| EFA | iShares MSCI EAFE ETF | $397M |
| DFAI | Dimensional International Core Equity Market ETF | $90M |
| AVDE | Avantis International Equity ETF | $81M |
| Outflows | ||
| EFG | iShares MSCI EAFE Growth ETF | -$91M |
| IDLV | Invesco S&P International Developed Low Volatility ETF | -$10M |
| BIDD | iShares International Dividend Active ETF | -$2M |
| PID | Invesco International Dividend Achievers ETF | -$2M |
| EFAD | ProShares MSCI EAFE Dividend Growers ETF | -$1M |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $482M |
| SPEM | SPDR Portfolio Emerging Markets ETF | $178M |
| AVEM | Avantis Emerging Markets Equity ETF | $119M |
| CGNG | Capital Group New Geography Equity ETF | $32M |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | $29M |
| Outflows | ||
| XCEM | Columbia EM Core ex-China ETF | -$13M |
| SEEM | SEI Select Emerging Markets Equity ETF | -$5M |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | -$4M |
| KEMX | KraneShares MSCI Emerging Markets EX China ETF | $0M |
| RAYE | Rayliant Quantamental Emerging Market ex-China Equity ETF | $0M |
Issuer League Table Update
iShares maintains its dominant position in the channel with 39.27% market share, followed closely by Vanguard at 33.59%. However, Vanguard led the week in flows, gathering $1,341M, while Columbia saw the largest net outflows among top issuers, shedding $13M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $581.60B | 39.27% |
| Vanguard | 9 | $497.55B | 33.59% |
| Schwab | 7 | $102.39B | 6.91% |
| Dimensional | 15 | $79.13B | 5.34% |
| SPDR | 12 | $54.82B | 3.70% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,341M |
| iShares | $975M |
| Dimensional | $324M |
| Outflows | |
| Columbia | -$13M |
| ProShares | -$1M |
| Martin Currie | -$1M |
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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.
