Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel continues to show significant scale, ending the week with approximately $1.64 trillion in total Assets Under Management (AUM) spread across 325 ETFs and 91 different brands. Investor activity remained robust, with the channel attracting $6.11 billion in net new money over the past five days. This strong weekly showing contributes to a substantial year-to-date (YTD) inflow of $45.18 billion, while the one-year rolling flows stand at a remarkable $212.24 billion, highlighting sustained long-term appetite for international equity exposure.
This Week’s Performance Leaders and Laggards
Value strategies dominated the performance landscape this week. The Equity: Global Ex-U.S. Large Cap – Value category led all segments with a 1.98% return, while the Small | Mid Cap segment also posted a strong 1.13% gain. Conversely, the Equity: Emerging Small | Mid Cap category was the primary laggard, falling -0.75% for the week. Despite this weekly dip, most categories remain firmly in positive territory for the year, with Large Cap Value leading YTD performance at 7.92%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Global Ex-U.S. Large Cap – Value | 1.98% | 6.06% | 13.97% | 20.53% | 7.92% | 41.95% |
| Equity: Global Ex-U.S. Small | Mid Cap | 1.13% | 5.40% | 13.68% | 18.00% | 7.48% | 42.16% |
| Equity: Global Ex-U.S. Large Cap – Blend | 1.02% | 3.40% | 10.21% | 16.41% | 6.08% | 31.78% |
| Equity: Emerging Large Cap | 0.01% | 4.23% | 10.13% | 21.38% | 8.22% | 37.18% |
| Equity: Global Ex-U.S. Large Cap – Growth | -0.20% | 1.12% | 7.39% | 13.21% | 4.61% | 22.15% |
| Equity: Emerging Small | Mid Cap | -0.75% | 3.55% | 5.76% | 9.95% | 5.82% | 24.78% |
On an individual fund basis, Alpha Architect International Quantitative Value ETF (IVAL) led the Global Ex-U.S. segment with a 4.09% WTD return. Within Emerging Markets, Vanguard Emerging Markets Ex-China ETF (VEXC) stood out with a 2.90% gain. On the downside, Polen Capital International Growth ETF (PCIG) and Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF (EMEQ) were the weakest performers, falling -3.79% and -3.77% respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IVAL | Alpha Architect International Quantitative Value ETF | 4.09% |
| GENW | Genter Capital International Dividend ETF | 3.46% |
| LVHI | Franklin International Low Volatility High Dividend Index ETF | 3.44% |
| SCHY | Schwab International Dividend Equity ETF | 3.36% |
| IVLU | iShares MSCI Intl Value Factor ETF | 3.25% |
| Bottom Performers | ||
| PCIG | Polen Capital International Growth ETF | -3.79% |
| IPOS | Renaissance International IPO ETF | -3.40% |
| PJIO | PGIM Jennison International Opportunities ETF | -2.45% |
| TXUG | Thornburg International Growth Fund ETF | -2.42% |
| ITOL | Tema International Durable Quality ETF | -2.25% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| VEXC | Vanguard Emerging Markets Ex-China ETF | 2.90% |
| NSI | National Security Emerging Markets Index ETF | 2.74% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 2.26% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 2.07% |
| AVXC | Avantis Emerging Markets ex-China Equity ETF | 1.68% |
| Bottom Performers | ||
| EMEQ | Nomura Focused Emerging Markets Equity ETF | -3.77% |
| PCEM | Polen Capital Emerging Markets ex China Growth ETF | -2.50% |
| EMCR | Xtrackers EM Carbon Reduction and Climate Improvers ETF | -1.79% |
| MEM | Matthews Emerging Markets Equity Active ETF | -1.75% |
| MEMS | Matthews Emerging Markets Discovery Active ETF | -1.72% |
Analyzing the Weekly Flows
Net inflows for the channel totaled $6.11 billion this past week. The Global Ex-U.S. Large Cap – Blend category was the clear favorite, securing $2.79 billion in new capital and bringing its total AUM to a staggering $1,002.1 billion. The Emerging Large Cap segment also saw significant traction with $1.74 billion in inflows. Meanwhile, the Emerging Small | Mid Cap category experienced negligible activity, recording $0 in flows for 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 | 121 | $1,002.1B | $2,792M | $15,130M | $46,023M | $17,380M | $124,794M |
| Emerging Large Cap | 100 | $407.2B | $1,742M | $19,516M | $34,806M | $21,536M | $58,925M |
| Global Ex-U.S. Large Cap – Value | 52 | $128.7B | $1,137M | $3,918M | $7,676M | $4,361M | $22,473M |
| Global Ex-U.S. Small | Mid Cap | 19 | $64.2B | $298M | $1,232M | $3,554M | $1,246M | $8,895M |
| Global Ex-U.S. Large Cap – Growth | 26 | $38.7B | $141M | $506M | $1,398M | $648M | ($2,461M) |
| Emerging Small | Mid Cap | 6 | $3.3B | $0M | $2M | ($10M) | $2M | ($385M) |
Leading the individual fund inflows, Vanguard Total International Stock ETF (VXUS) pulled in $700 million, while iShares Core MSCI Emerging Markets ETF (IEMG) topped the EM list with $566 million. On the outflow side, iShares MSCI Intl Quality Factor ETF (IQLT) saw the largest redemption at $625 million, followed by JPMorgan BetaBuilders International Equity ETF (BBIN) with $92 million in outflows.
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 | $700M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $508M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $497M |
| VEA | Vanguard FTSE Developed Markets ETF | $401M |
| AVDE | Avantis International Equity ETF | $340M |
| Outflows | ||
| IQLT | iShares MSCI Intl Quality Factor ETF | ($625M) |
| BBIN | JPMorgan BetaBuilders International Equity ETF | ($92M) |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | ($70M) |
| SPDW | State Street SPDR Portfolio Developed World ex-US ETF | ($69M) |
| HEFA | iShares Currency Hedged MSCI EAFE ETF | ($39M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $566M |
| AVEM | Avantis Emerging Markets Equity ETF | $333M |
| EMXC | iShares MSCI Emerging Markets ex China ETF | $247M |
| EEM | iShares MSCI Emerging Markets ETF | $160M |
| EMCS | Xtrackers MSCI Emerging Markets Climate Selection ETF | $115M |
| Outflows | ||
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | ($22M) |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | ($13M) |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | ($12M) |
| AGEM | abrdn Emerging Markets Dividend Active ETF | ($4M) |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | ($3M) |
Issuer League Table Update
iShares and Vanguard continue to dominate the channel, holding a combined market share of over 72%. Vanguard was the standout gatherer this week, leading with $1,959 million in weekly inflows. Conversely, State Street, despite being a top-5 issuer, saw the largest net outflows among major brands, losing $62 million for the period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $640.27B | 38.94% |
| Vanguard | 9 | $552.69B | 33.62% |
| Schwab | 7 | $111.63B | 6.79% |
| Dimensional | 15 | $89.98B | 5.47% |
| State Street | 12 | $59.61B | 3.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,959M |
| iShares | $1,152M |
| Avantis | $811M |
| Outflows | |
| State Street | ($62M) |
| Harbor | ($20M) |
| Goldman Sachs | ($12M) |
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.
