Weekly Channel Summary
The “Global Ex-U.S. Size & Style” ETF channel currently stands at $1.868 trillion in Assets Under Management (AUM) across 340 ETFs from 92 issuers. Over the past week, the channel gathered a solid $4.43 billion in net flows. This builds on a strong trajectory, with Year-to-Date (YTD) flows totaling $130.69 billion and 1-Year flows reaching an impressive $259.83 billion.
This Week’s Performance Leaders and Laggards
Emerging Markets paced the channel this week, with the Emerging Large Cap category leading the way, posting a 3.41% Week-to-Date (WTD) return and boasting a 24.10% YTD gain. The Global Ex-U.S. Large Cap – Growth segment also had a strong week, returning 2.17%. Conversely, the Global Ex-U.S. Large Cap – Value category was the primary laggard, returning a modest 0.72% WTD, though it remains up 12.06% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Emerging Large Cap | 3.41% | 7.79% | 8.41% | 27.49% | 24.10% | 49.83% |
| Equity: Global Ex-U.S. Large Cap – Growth | 2.17% | 4.37% | 2.10% | 13.13% | 10.92% | 22.98% |
| Equity: Global Ex-U.S. Large Cap – Blend | 1.43% | 3.46% | 0.74% | 13.89% | 11.28% | 25.54% |
| Equity: Emerging Small | Mid Cap | 1.20% | 2.37% | 3.90% | 16.48% | 15.96% | 29.20% |
| Equity: Global Ex-U.S. Small | Mid Cap | 1.16% | 2.49% | -0.21% | 15.25% | 12.60% | 32.77% |
| Equity: Global Ex-U.S. Large Cap – Value | 0.72% | 2.38% | 0.03% | 15.63% | 12.06% | 30.78% |
At the individual fund level, the Invesco S&P Emerging Markets Momentum ETF (EEMO) led the entire channel with a surging 7.40% WTD return. Within the Global Ex-U.S. segment, the Pacer Nasdaq International Patent Leaders ETF (PATN) was the top performer, gaining 5.67%. On the downside, the Opal International Dividend Income ETF (IDVZ) was the poorest performer overall, dropping -1.89%, followed closely by the Franklin International Low Volatility High Dividend Index ETF (LVHI), which fell -1.04%.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| PATN | Pacer Nasdaq International Patent Leaders ETF | 5.67% |
| PJIO | PGIM Jennison International Opportunities ETF | 5.13% |
| IPOS | Renaissance International IPO ETF | 4.85% |
| PIEL | Pacer International Export Leaders ETF | 4.46% |
| UMMA | Wahed Dow Jones Islamic World ETF | 4.43% |
| Bottom Performers | ||
| IDVZ | Opal International Dividend Income ETF | -1.89% |
| LVHI | Franklin International Low Volatility High Dividend Index ETF | -1.04% |
| EFAS | Global X MSCI SuperDividend EAFE ETF | -1.00% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | -0.94% |
| FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX Fund | -0.84% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 7.40% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 6.54% |
| FRDM | Freedom 100 Emerging Markets ETF | 6.49% |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | 5.90% |
| STXE | Strive Emerging Markets Ex-China ETF | 5.86% |
| Bottom Performers | ||
| BKF | iShares MSCI BIC ETF | -0.52% |
| DVYE | iShares Emerging Markets Dividend ETF | -0.19% |
| RNEM | First Trust Emerging Markets Equity Select ETF | -0.11% |
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | 0.13% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 0.18% |
Analyzing the Weekly Flows
The channel saw robust inflows totaling $4.34 billion this week. The Global Ex-U.S. Large Cap – Blend category was the undisputed leader in capital attraction, pulling in $3.92 billion and pushing its AUM to $1.12 trillion. The Emerging Large Cap category also saw healthy demand, adding $205 million. The only category to experience outflows was Emerging Small | Mid Cap, which shed $69 million over the 5-day period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 124 | $1,120.7B | $3,922M | $12,750M | $36,212M | $68,714M | $149,534M |
| Emerging Large Cap | 104 | $480.3B | $205M | $1,645M | $5,636M | $37,147M | $68,472M |
| Global Ex-U.S. Large Cap – Growth | 27 | $48.3B | $167M | $626M | $6,361M | $7,684M | $7,286M |
| Global Ex-U.S. Large Cap – Value | 55 | $144.4B | $116M | $1,798M | $4,939M | $13,342M | $23,294M |
| Global Ex-U.S. Small | Mid Cap | 20 | $71.0B | $5M | $153M | $1,430M | $3,871M | $11,412M |
| Emerging Small | Mid Cap | 6 | $3.4B | ($69M) | ($66M) | ($130M) | ($153M) | ($258M) |
The iShares International Country Rotation Active ETF (CORO) was the clear winner in the Global Ex-U.S. segment, amassing $3.91 billion in just five days. In Emerging Markets, the Vanguard FTSE Emerging Markets ETF (VWO) led with $89 million in inflows. The heaviest outflows occurred in the iShares MSCI Emerging Markets Small Cap ETF (EEMS), which lost $63 million, and the iShares MSCI EAFE Value ETF (EFV), which saw $346 million exit the fund.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| CORO | iShares International Country Rotation Active ETF | $3,915M |
| VEA | Vanguard FTSE Developed Markets ETF | $262M |
| VXUS | Vanguard Total International Stock ETF | $218M |
| AVIV | Avantis International Large Cap Value ETF | $183M |
| EFG | iShares MSCI EAFE Growth ETF | $147M |
| Outflows | ||
| EFV | iShares MSCI EAFE Value ETF | ($346M) |
| DISV | Dimensional International Small Cap Value ETF | ($88M) |
| VIGI | Vanguard International Dividend Appreciation ETF | ($70M) |
| DFIS | Dimensional International Small Cap ETF | ($54M) |
| IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | ($31M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| VWO | Vanguard FTSE Emerging Markets ETF | $89M |
| FDEM | Fidelity Emerging Markets Multifactor ETF | $44M |
| AVEM | Avantis Emerging Markets Equity ETF | $29M |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | $20M |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | $18M |
| Outflows | ||
| EEMS | iShares MSCI Emerging Markets Small Cap ETF | ($63M) |
| ESGE | iShares ESG Aware MSCI EM ETF | ($38M) |
| EYLD | Cambria Emerging Shareholder Yield ETF | ($15M) |
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | ($7M) |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | ($3M) |
Issuer League Table Update
iShares remains the dominant player in the Global Ex-U.S. space, holding a 38.73% market share, closely followed by Vanguard at 33.15%. iShares capitalized on this position by gathering $2.66 billion in net inflows over the past week. Conversely, Cambria saw the most notable outflows among top issuers, shedding $15 million in assets.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $723.55B | 38.73% |
| Vanguard | 11 | $619.23B | 33.15% |
| Schwab | 7 | $123.07B | 6.59% |
| Dimensional | 15 | $102.82B | 5.50% |
| Avantis | 12 | $68.11B | 3.65% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| iShares | $2,658M |
| Vanguard | $671M |
| Avantis | $300M |
| Outflows | |
| Cambria | -$15M |
| WisdomTree | -$12M |
| Xtrackers | -$7M |
For a deeper dive into these trends, access our FREE, in-depth Global Ex-U.S. 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.
