Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, comprising 319 ETFs from 90 issuers, holds a total of $1,449 billion in assets under management. This past week, the channel saw significant net inflows of $4.50 billion, contributing to a year-to-date (YTD) inflow of $118.74 billion. Over the past year, the channel has attracted a total of $140.52 billion in new assets.
This Week’s Performance Leaders and Laggards
Emerging Markets categories led performance this week, with Equity: Emerging Large Cap returning 0.76% and Equity: Emerging Small | Mid Cap up 0.55% (WTD). Both categories are also strongly positive year-to-date. The primary laggard was the Equity: Global Ex-U.S. Small | Mid Cap category, which posted a weekly loss of -1.15%, though it remains up 30.68% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Emerging Large Cap | 0.76% | 3.74% | 11.22% | 24.08% | 27.69% | 23.62% |
| Equity: Emerging Small | Mid Cap | 0.55% | 0.25% | 5.86% | 18.95% | 17.22% | 13.48% |
| Equity: Global Ex-U.S. Large Cap – Growth | -0.28% | 1.01% | 7.10% | 13.17% | 21.83% | 19.36% |
| Equity: Global Ex-U.S. Large Cap – Blend | -0.40% | 1.16% | 7.71% | 14.72% | 26.50% | 23.03% |
| Equity: Global Ex-U.S. Large Cap – Value | -0.41% | 0.94% | 7.51% | 15.16% | 30.72% | 27.60% |
| Equity: Global Ex-U.S. Small | Mid Cap | -1.15% | -0.54% | 6.88% | 19.14% | 30.68% | 28.49% |
Among individual ETFs, the best-performing Emerging Markets fund was the Freedom 100 Emerging Markets ETF (FRDM), which gained 2.90%. The top Global Ex-U.S. fund was the First Trust International Equity Opportunities ETF (FPXI), with a 3.22% return. The worst-performing ETFs this week were the Bancreek International Large Cap ETF (BCIL) at -2.98% and the Touchstone International Equity ETF (TLCI) at -2.71%.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FPXI | First Trust International Equity Opportunities ETF | 3.22% |
| DINT | Davis Select International ETF | 1.76% |
| IQDY | FlexShares International Quality Dividend Dynamic Index Fund | 1.62% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | 1.27% |
| IPOS | Renaissance International IPO ETF | 1.20% |
| Bottom Performers | ||
| BCIL | Bancreek International Large Cap ETF | -2.98% |
| TLCI | Touchstone International Equity ETF | -2.71% |
| BKCI | BNY Mellon Concentrated International ETF | -2.66% |
| MCSE | Franklin Sustainable International Equity ETF | -2.65% |
| FICS | First Trust International Developed Capital Strength ETF | -2.40% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FRDM | Freedom 100 Emerging Markets ETF | 2.90% |
| PEMX | Putnam Emerging Markets ex-China ETF | 2.86% |
| EMSF | Matthews Emerging Markets Sustainable Future Active ETF | 2.45% |
| EPEM | Harbor Emerging Markets Equity ETF | 2.42% |
| EMEQ | Macquarie Focused Emerging Markets Equity ETF | 2.31% |
| Bottom Performers | ||
| RNEM | First Trust Emerging Markets Equity Select ETF | -1.19% |
| BKF | iShares MSCI BIC ETF | -1.03% |
| EDIV | SPDR S&P Emerging Markets Dividend ETF | -0.87% |
| LDEM | iShares ESG MSCI EM Leaders ETF | -0.78% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -0.70% |
Analyzing the Weekly Flows
The channel experienced strong positive net flows of $4.50 billion this week, with every category seeing net inflows. The Global Ex-U.S. Large Cap – Blend category was the clear leader, attracting $2.65 billion in new assets; this category currently holds $890.8 billion in AUM. The Emerging Large Cap category also saw significant inflows, gathering $863 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 111 | $890.8B | $2,645M | $10,165M | $30,282M | $81,697M | $95,717M |
| Emerging Large Cap | 99 | $356.5B | $863M | $1,807M | $6,997M | $21,859M | $24,705M |
| Global Ex-U.S. Small | Mid Cap | 18 | $54.5B | $620M | $1,621M | $2,691M | $4,797M | $5,638M |
| Global Ex-U.S. Large Cap – Value | 51 | $107.5B | $282M | $810M | $2,673M | $14,611M | $16,835M |
| Global Ex-U.S. Large Cap – Growth | 27 | $36.1B | $83M | $164M | ($2,160M) | ($3,737M) | ($1,622M) |
| Emerging Small | Mid Cap | 6 | $3.1B | $2M | $3M | ($51M) | ($486M) | ($755M) |
At the fund level, the iShares Core MSCI Emerging Markets ETF (IEMG) led Emerging Markets inflows, pulling in $411 million. In the Global Ex-U.S. segment, the Vanguard FTSE Developed Markets ETF (VEA) was the top collector with $805 million. The largest outflows were seen in the WisdomTree Emerging Markets ex-State-Owne… (XSOE) at -$47 million and the iShares MSCI EAFE Min Vol Factor ETF (EFAV) at -$26 million.
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 | $805M |
| IQLT | iShares MSCI Intl Quality Factor ETF | $339M |
| AVDV | Avantis International Small Cap Value ETF | $320M |
| VXUS | Vanguard Total International Stock ETF | $267M |
| SCZ | iShares MSCI EAFE Small-Cap ETF | $229M |
| Outflows | ||
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | ($26M) |
| DMXF | iShares ESG Advanced MSCI EAFE ETF | ($23M) |
| VIGI | Vanguard International Dividend Appreciatio… | ($18M) |
| CIL | VictoryShares International Volatility Wtd ETF | ($16M) |
| IMFL | Invesco International Developed Dynamic M… | ($11M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $411M |
| VWO | Vanguard FTSE Emerging Markets ETF | $228M |
| SPEM | SPDR Portfolio Emerging Markets ETF | $91M |
| AVEM | Avantis Emerging Markets Equity ETF | $86M |
| PXH | Invesco RAFI Emerging Markets ETF | $26M |
| Outflows | ||
| XSOE | WisdomTree Emerging Markets ex-State-Owne… | ($47M) |
| BBEM | JPMorgan BetaBuilders Emerging Markets Eq… | ($13M) |
| EMC | Global X Emerging Markets Great Consumer E… | ($6M) |
| FEMS | First Trust Emerging Markets Small Cap Alpha… | ($4M) |
| RAYE | Rayliant Quantamental Emerging Market ex-Ch… | $0M |
Issuer League Table Update
The channel remains dominated by its top two issuers, with iShares holding 39.42% of the market share and Vanguard holding 33.73%. This week, Vanguard led all issuers in asset gathering, pulling in $1.48 billion in new flows. Among the top issuers, WisdomTree saw the largest outflows, at -$42 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $571.13B | 39.42% |
| Vanguard | 9 | $488.64B | 33.73% |
| Schwab | 7 | $100.02B | 6.90% |
| Dimensional | 15 | $76.66B | 5.29% |
| SPDR | 12 | $53.62B | 3.70% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,483M |
| iShares | $1,285M |
| Avantis | $540M |
| Outflows | |
| WisdomTree | ($42M) |
| Touchstone | ($6M) |
| Global X | ($3M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
