Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel currently encompasses 332 ETFs across 91 issuers, commanding a massive $1.74 trillion in total Assets Under Management (AUM). The segment demonstrated strong momentum over the past week, pulling in $4.45 billion in net new assets. This robust weekly performance builds on consistent long-term demand, bringing Year-to-Date (YTD) flows to an impressive $105.36 billion and pushing trailing 1-year flows to $253.88 billion.
This Week’s Performance Leaders and Laggards
This week, the Emerging Large Cap category led the pack, delivering a standout 6.92% return for the week and further solidifying its strong Year-to-Date (YTD) position of 11.07%. On the other end of the spectrum, the Global Ex-U.S. Large Cap – Value category lagged the broader channel, posting a 3.62% Week-to-Date (WTD) return, though it still maintains a respectable 9.28% return YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Emerging Large Cap | 6.92% | 3.45% | 7.58% | 16.88% | 11.07% | 51.82% |
| Emerging Small | Mid Cap | 5.91% | 4.01% | 7.00% | 10.72% | 9.55% | 41.29% |
| Global Ex-U.S. Large Cap – Growth | 5.70% | 2.25% | 1.21% | 8.51% | 4.92% | 33.91% |
| Global Ex-U.S. Small | Mid Cap | 4.70% | 2.16% | 5.81% | 15.49% | 8.53% | 48.86% |
| Global Ex-U.S. Large Cap – Blend | 4.59% | 2.39% | 3.83% | 12.16% | 6.46% | 37.77% |
| Global Ex-U.S. Large Cap – Value | 3.62% | 3.17% | 7.51% | 17.86% | 9.28% | 46.00% |
Looking at individual fund performance, the top standout in the Emerging Markets segment was the Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF (EMEQ), which surged 11.79% over the past five days. In the Global Ex-U.S. space, the Renaissance International IPO ETF (IPOS) topped the charts with a 10.77% gain. Conversely, the week’s sharpest underperformers across the board were the Invesco International Dividend Achievers ETF (PID) and the Ocean Park International ETF (DUKX), which posted muted gains of just 0.86% and 0.93%, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IPOS | Renaissance International IPO ETF | 10.77% |
| GRIN | VictoryShares International Free Cash Flow Growth ETF | 8.36% |
| FPXI | First Trust International Equity Opportunities ETF | 8.23% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | 7.65% |
| BCIL | Bancreek International Large Cap ETF | 7.60% |
| Bottom Performers | ||
| PID | Invesco International Dividend Achievers ETF | 0.86% |
| DUKX | Ocean Park International ETF | 0.93% |
| LVHI | Franklin International Low Volatility High Dividend Index ETF | 1.26% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 1.31% |
| DWMF | WisdomTree International Multifactor Fund | 1.78% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | 11.79% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 10.55% |
| PEMX | Putnam Emerging Markets ex-China ETF | 9.94% |
| STXE | Strive Emerging Markets Ex-China ETF | 9.81% |
| EMES | Harbor Emerging Markets Select ETF | 9.46% |
| Bottom Performers | ||
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | 2.64% |
| DVYE | iShares Emerging Markets Dividend ETF | 2.97% |
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | 2.98% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 3.12% |
| DEM | WisdomTree Emerging Markets High Dividend Fund | 3.67% |
Analyzing the Weekly Flows
The Global Ex-U.S. Size & Style channel attracted a solid $4.45 billion in total net flows this week. The vast majority of this capital was directed toward the Global Ex-U.S. Large Cap – Blend category, which gathered an impressive $2.74 billion, boosting its massive $1.06 trillion AUM base. The Emerging Large Cap category also saw significant interest, bringing in $1.07 billion. Meanwhile, the only category to experience net redemptions was Emerging Small | Mid Cap, shedding a minor $12 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 123 | $1,058.3B | $2,742M | $13,325M | $47,166M | $52,064M | $143,461M |
| Emerging Large Cap | 102 | $428.8B | $1,066M | $1,256M | $30,111M | $33,378M | $66,003M |
| Global Ex-U.S. Large Cap – Value | 53 | $137.2B | $249M | $549M | $8,807M | $9,731M | $26,869M |
| Global Ex-U.S. Large Cap – Growth | 26 | $45.4B | $235M | $5,269M | $6,574M | $6,717M | $6,846M |
| Global Ex-U.S. Small | Mid Cap | 20 | $67.7B | $173M | $897M | $3,251M | $3,506M | $10,918M |
| Emerging Small | Mid Cap | 6 | $3.3B | ($12M) | ($14M) | ($44M) | ($37M) | ($220M) |
At the individual fund level, the iShares MSCI Emerging Markets ex China ETF (EMXC) dominated Emerging Markets flows by taking in $381 million. Within the Global Ex-U.S. cohort, the iShares MSCI ACWI ex U.S. ETF (ACWX) was the clear favorite, attracting a massive $846 million in new capital. On the outflow side, the heaviest overall redemptions hit the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) and the First Trust Developed Markets ex-US AlphaDEX Fund (FDT), which lost $19 million and $17 million, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| ACWX | iShares MSCI ACWI ex U.S. ETF | $846M |
| IEFA | iShares Core MSCI EAFE ETF | $366M |
| SCHF | Schwab International Equity ETF | $299M |
| FENI | Fidelity Enhanced International ETF | $182M |
| CORO | iShares International Country Rotation Active ETF | $175M |
| Outflows | ||
| IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | ($19M) |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | ($17M) |
| BKIE | BNY Mellon International Equity ETF | ($9M) |
| VIDI | Vident International Equity Strategy ETF | ($8M) |
| XIDV | Franklin International Dividend Booster Index | ($7M) |
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 | $381M |
| AVEM | Avantis Emerging Markets Equity ETF | $301M |
| EMOP | AB Emerging Markets Opportunities ETF | $87M |
| DFAE | Dimensional Emerging Core Equity Market ETF | $57M |
| DFEV | Dimensional Emerging Markets Value ETF | $40M |
| Outflows | ||
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | ($12M) |
| SEEM | SEI Select Emerging Markets Equity ETF | $0M |
| RWEM | Rayliant Wilshire NxtGen Emerging Markets Eq | $0M |
| EMM | Global X Emerging Markets ex-China ETF | $0M |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | $0M |
Issuer League Table Update
The competitive landscape remains top-heavy, with iShares and Vanguard continuing to dominate market share at 38.87% and 33.33%, respectively. iShares was also the undisputed flow leader this week, pulling in a staggering $2.28 billion in net new assets. In contrast, BNY Mellon experienced the week’s largest net outflows, seeing $9 million depart its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $676.67B | 38.87% |
| Vanguard | 9 | $580.08B | 33.33% |
| Schwab | 7 | $116.02B | 6.67% |
| Dimensional | 15 | $95.71B | 5.50% |
| State Street | 12 | $62.57B | 3.59% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $2,283M |
| Avantis | $573M |
| Schwab | $315M |
| Outflows | |
| BNY Mellon | ($9M) |
| Vident | ($8M) |
| WisdomTree | ($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.
