Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, comprising 313 ETFs from 88 issuers, holds a total of $1.42 trillion in assets under management. The channel experienced positive momentum over the last week, attracting $1.49 billion in net inflows. This builds on a strong year, with year-to-date flows reaching $107.72 billion and total flows over the past year hitting an impressive $134.14 billion, signaling sustained investor interest in international equity markets.
This Week’s Performance Leaders and Laggards
This week saw a general downturn across international markets, though Emerging Market Large Caps proved most resilient, posting the best week-to-date (WTD) return at -1.45%. Despite the weekly dip, this category remains a strong performer year-to-date with a 22.95% gain. On the other end of the spectrum, Global Ex-U.S. Large Cap Growth was the primary laggard with a -2.76% return for the week, though it still maintains a positive 18.89% return year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Emerging Large Cap | -1.45% | 2.04% | 7.43% | 29.80% | 22.95% | 15.55% |
| Equity: Global Ex-U.S. Large Cap – Value | -2.05% | -0.38% | 4.32% | 23.89% | 27.92% | 21.51% |
| Equity: Emerging Small | Mid Cap | -2.14% | -1.64% | 3.55% | 27.62% | 15.26% | 9.80% |
| Equity: Global Ex-U.S. Large Cap – Blend | -2.33% | 0.34% | 3.78% | 22.73% | 23.85% | 17.02% |
| Equity: Global Ex-U.S. Small | Mid Cap | -2.40% | -0.73% | 4.36% | 28.19% | 28.47% | 22.50% |
| Equity: Global Ex-U.S. Large Cap – Growth | -2.76% | 0.83% | 2.51% | 21.33% | 18.89% | 13.00% |
Among individual ETFs, the best-performing fund in the Emerging Markets segment was the Strive Emerging Markets Ex-China ETF (STXE), which bucked the trend with a 0.67% gain. In the broader Global Ex-U.S. space, the Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) was the top performer, limiting its losses to just -0.18%. The week’s biggest laggards were the AdvisorShares Dorsey Wright ADR ETF (AADR) and the Renaissance International IPO ETF (IPOS), which fell by -5.03% and -4.92% respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | -0.18% |
| LVHI | Franklin International Low Volatility High Dividend Index ETF | -0.23% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | -0.37% |
| PATN | Pacer Nasdaq International Patent Leaders ETF | -0.58% |
| DWMF | WisdomTree International Multifactor Fund | -0.73% |
| Bottom Performers | ||
| AADR | AdvisorShares Dorsey Wright ADR ETF | -5.03% |
| IPOS | Renaissance International IPO ETF | -4.92% |
| IPKW | Invesco International BuyBack Achievers ETF | -4.51% |
| MCSE | Franklin Sustainable International Equity ETF | -4.27% |
| DINT | Davis Select International ETF | -4.24% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| STXE | Strive Emerging Markets Ex-China ETF | 0.67% |
| XCEM | Columbia EM Core ex-China ETF | 0.49% |
| DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 0.42% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 0.34% |
| PEMX | Putnam Emerging Markets ex-China ETF | 0.23% |
| Bottom Performers | ||
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | -4.82% |
| BKF | iShares MSCI BIC ETF | -4.53% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -4.11% |
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | -3.86% |
| LDEM | iShares ESG MSCI EM Leaders ETF | -3.84% |
Analyzing the Weekly Flows
The channel saw total net inflows of nearly $1.5 billion this week, dominated by the Global Ex-U.S. Large Cap – Blend category, which alone gathered over $1.8 billion. This category, the largest in the channel with $876.4 billion in AUM, continues to be a major draw for investors. The Global Ex-U.S. Large Cap – Value segment also saw significant inflows of $118 million. In contrast, the Emerging Large Cap category experienced the largest outflows, shedding $438 million over the past five days.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 111 | $876.4B | $1,803M | $11,019M | $30,840M | $74,573M | $92,556M |
| Global Ex-U.S. Large Cap – Value | 51 | $105.4B | $118M | $252M | $2,845M | $14,012M | $16,508M |
| Global Ex-U.S. Large Cap – Growth | 27 | $36.1B | $47M | ($3,024M) | ($1,809M) | ($3,743M) | ($1,433M) |
| Emerging Small | Mid Cap | 6 | $3.1B | ($2M) | ($2M) | ($68M) | ($491M) | ($819M) |
| Global Ex-U.S. Small | Mid Cap | 18 | $53.0B | ($42M) | $269M | $2,418M | $3,198M | $3,588M |
| Emerging Large Cap | 98 | $347.6B | ($438M) | $4,576M | $7,169M | $20,172M | $23,744M |
On the individual fund level, the Vanguard Total International Stock ETF (VXUS) led inflows for Global Ex-U.S. funds with a substantial $1.05 billion haul. For Emerging Markets, the Vanguard FTSE Emerging Markets ETF (VWO) was the leader, pulling in $113 million. The largest outflows were seen from the iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) and the iShares MSCI Emerging Markets ex China ETF (EMXC), which saw redemptions of $270 million and $240 million, 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 | $1,050M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $400M |
| AVDE | Avantis International Equity ETF | $92M |
| IDMO | Invesco S&P International Developed Momentum ETF | $84M |
| JIRE | JPMorgan International Research Enhanced Equity ETF | $45M |
| Outflows | ||
| EFV | iShares MSCI EAFE Value ETF | ($54M) |
| EFG | iShares MSCI EAFE Growth ETF | ($46M) |
| HEFA | iShares Currency Hedged MSCI EAFE ETF | ($44M) |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | ($34M) |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | ($28M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VWO | Vanguard FTSE Emerging Markets ETF | $113M |
| AVEM | Avantis Emerging Markets Equity ETF | $91M |
| CGNG | Capital Group New Geography Equity ETF | $16M |
| EMEQ | Macquarie Focused Emerging Markets Equity ETF | $11M |
| FRDM | Freedom 100 Emerging Markets ETF | $7M |
| Outflows | ||
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | ($270M) |
| EMXC | iShares MSCI Emerging Markets ex China ETF | ($240M) |
| EMCS | Xtrackers MSCI Emerging Markets Climate Selection ETF | ($139M) |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | ($19M) |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | ($13M) |
Issuer League Table Update
The issuer landscape remains dominated by iShares and Vanguard, which command 39.56% and 33.77% of the market share, respectively. Vanguard was the clear winner in asset gathering this week, pulling in an impressive $1.2 billion in net inflows. In contrast, the largest issuer, iShares, experienced the most significant outflows among top firms, with investors pulling $396 million from its products.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $562.41B | 39.56% |
| Vanguard | 9 | $480.09B | 33.77% |
| Schwab | 7 | $98.76B | 6.95% |
| Dimensional | 15 | $75.22B | 5.29% |
| SPDR | 12 | $51.87B | 3.65% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,200M |
| Avantis | $333M |
| Invesco | $115M |
| Outflows | |
| iShares | -$396M |
| Xtrackers | -$167M |
| Martin Currie | -$27M |
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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.
