Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel currently manages $1,629B in assets across 331 ETFs from 90 brands. This past week, the channel saw total net inflows of $1.42B. Year-to-Date (YTD) activity remains robust with $97.83B in net new money, contributing to a substantial $248.45B in total flows over the past year.
This Week’s Performance Leaders and Laggards
Market performance was mixed this week, led by Global Ex-U.S. Large Cap – Value with a 0.41% return. Conversely, Emerging Large Cap was the primary laggard, declining -1.19%. Despite the weekly dip, Emerging Large Cap maintains a strong YTD position of 2.74%, while Global Ex-U.S. Large Cap – Growth continues to struggle YTD at -4.27%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Value | 0.41% | -8.66% | 2.46% | 10.04% | 2.55% | 27.29% |
| Global Ex-U.S. Small | Mid Cap | 0.16% | -10.39% | 0.95% | 29.22% | 1.05% | 6.56% |
| Global Ex-U.S. Large Cap – Blend | -0.05% | -10.48% | -1.42% | 19.03% | -1.19% | 4.29% |
| Emerging Small | Mid Cap | -0.67% | -8.21% | 2.50% | 19.67% | 2.46% | 3.26% |
| Global Ex-U.S. Large Cap – Growth | -0.68% | -11.73% | -4.75% | 13.45% | -4.27% | -0.64% |
| Emerging Large Cap | -1.19% | -10.06% | 3.04% | 9.43% | 2.74% | 28.33% |
The IDVZ (Opal International Dividend Income ETF) led the Global Ex-U.S. segment with a 1.70% return, while SDEM (Global X MSCI SuperDividend Emerging Markets ETF) topped the Emerging Markets group at 1.41%. On the downside, EEMO (Invesco S&P Emerging Markets Momentum ETF) and EMEQ (Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF) were the worst overall performers, falling -4.62% and -4.32% respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IDVZ | Opal International Dividend Income ETF | 1.70% |
| LVHI | Franklin International Low Volatility High Dividend Index ETF | 1.50% |
| DISV | Dimensional International Small Cap Value ETF | 1.35% |
| BAIV | Brown Advisory International Value Select ETF | 1.19% |
| DTAN | Sparkline International Intangible Value ETF | 1.18% |
| Bottom Performers | ||
| IPOS | Renaissance International IPO ETF | -3.32% |
| PJIO | PGIM Jennison International Opportunities ETF | -2.51% |
| PCIG | Polen Capital International Growth ETF | -2.22% |
| IGGY | AB International Growth ETF | -1.85% |
| OSEA | Harbor International Compounders ETF | -1.85% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 1.41% |
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | 1.38% |
| FEM | First Trust Emerging Markets AlphaDEX Fund | 1.07% |
| PXH | Invesco RAFI Emerging Markets ETF | 0.69% |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 0.61% |
| Bottom Performers | ||
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -4.62% |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | -4.32% |
| EMSF | Matthews Emerging Markets Sustainable Future Active ETF | -3.31% |
| TEMX | Touchstone Sands Capital Emerging Markets ex-China Growth ETF | -2.74% |
| EMES | Harbor Emerging Markets Select ETF | -2.51% |
Analyzing the Weekly Flows
The channel attracted $1,419M in net flows this week. Global Ex-U.S. Large Cap – Blend was the clear leader, securing $2,187M in new capital, bringing its total AUM to $990.6B. Global Ex-U.S. Large Cap – Growth also saw positive momentum with $111M in inflows. However, Global Ex-U.S. Large Cap – Value faced headwinds, recording the largest outflows of ($433M).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 121 | $990.6B | $2,187M | $15,496M | $49,472M | $47,995M | $141,704M |
| Global Ex-U.S. Large Cap – Growth | 26 | $42.0B | $111M | $5,125M | $6,595M | $6,449M | $6,240M |
| Emerging Small | Mid Cap | 6 | $3.2B | $0M | ($1M) | ($35M) | ($24M) | ($216M) |
| Emerging Large Cap | 101 | $400.3B | ($183M) | ($362M) | $31,317M | $31,102M | $63,829M |
| Global Ex-U.S. Small | Mid Cap | 20 | $63.2B | ($263M) | $515M | $2,992M | $2,956M | $10,300M |
| Global Ex-U.S. Large Cap – Value | 54 | $129.3B | ($433M) | $967M | $9,427M | $9,349M | $26,588M |
In the Global Ex-U.S. space, VEA (Vanguard FTSE Developed Markets ETF) dominated with $901M in weekly inflows. For Emerging Markets, EMXC (iShares MSCI Emerging Markets ex China ETF) took the lead with $877M. Conversely, EEM (iShares MSCI Emerging Markets ETF) and EFV (iShares MSCI EAFE Value ETF) saw significant withdrawals of ($1,179M) and ($261M) respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VEA | Vanguard FTSE Developed Markets ETF | $901M |
| IEFA | iShares Core MSCI EAFE ETF | $523M |
| ACWX | iShares MSCI ACWI ex U.S. ETF | $252M |
| CORO | iShares International Country Rotation Active ETF | $205M |
| DFIV | Dimensional International Value ETF | $143M |
| Outflows | ||
| EFV | iShares MSCI EAFE Value ETF | ($261M) |
| SCHC | Schwab International Small-Cap Equity ETF | ($233M) |
| SCHY | Schwab International Dividend Equity ETF | ($177M) |
| PID | Invesco International Dividend Achievers ETF | ($168M) |
| FNDF | Schwab Fundamental International Equity ETF | ($129M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| EMXC | iShares MSCI Emerging Markets ex China ETF | $877M |
| AVEM | Avantis Emerging Markets Equity ETF | $140M |
| DEM | WisdomTree Emerging Markets High Dividend Fund | $49M |
| JHEM | John Hancock Multifactor Emerging Markets ETF | $44M |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | $31M |
| Outflows | ||
| EEM | iShares MSCI Emerging Markets ETF | ($1,179M) |
| ESGE | iShares ESG Aware MSCI EM ETF | ($59M) |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | ($45M) |
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | ($33M) |
| EMGF | iShares Emerging Markets Equity Factor ETF | ($18M) |
Issuer League Table Update
iShares leads the issuer landscape with 38.29% market share, followed by Vanguard at 33.89%. Vanguard was the top flow gatherer this week, attracting $1,172M. Among the top issuers, Schwab saw the largest net outflows, totaling ($622M) for the five-day period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $623.60B | 38.29% |
| Vanguard | 9 | $551.84B | 33.89% |
| Schwab | 7 | $108.98B | 6.69% |
| Dimensional | 15 | $91.31B | 5.61% |
| State Street | 12 | $59.15B | 3.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,172M |
| Avantis | $271M |
| iShares | $245M |
| Outflows | |
| Schwab | ($622M) |
| Invesco | ($165M) |
| VictoryShares | ($56M) |
For a deeper dive into these trends, access our FREE, in-depth 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.
