Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel currently oversees $1,598B in total assets under management across 325 ETFs from 91 different issuers. Activity this past week was notably strong, with the channel attracting $8.33B in net inflows over the last 5 days. This positive momentum extends a robust trend, as the group has gathered $17.81B year-to-date and an impressive $186.62B over the past year, reflecting sustained investor conviction in international equity markets.
This Week’s Performance Leaders and Laggards
Performance was broadly positive across the channel this week, led by the Emerging Large Cap category, which delivered a Week-to-Date (WTD) return of 1.84%. The Global Ex-U.S. Small | Mid Cap segment also showed strength with a 1.60% gain. On the other end of the spectrum, Global Ex-U.S. Large Cap – Growth was the primary lagging category, though it still posted a positive WTD return of 0.80%. All categories within the channel maintain positive status Year-to-Date (YTD), with Emerging Large Cap leading at 5.14%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Emerging Large Cap | 1.84% | 8.69% | 8.43% | 18.29% | 5.14% | 37.00% |
| Equity: Global Ex-U.S. Small | Mid Cap | 1.60% | 6.06% | 8.97% | 16.81% | 4.21% | 43.28% |
| Equity: Global Ex-U.S. Large Cap – Value | 1.40% | 4.68% | 9.32% | 17.44% | 3.04% | 41.29% |
| Equity: Emerging Small | Mid Cap | 1.24% | 5.92% | 3.93% | 8.06% | 3.65% | 24.75% |
| Equity: Global Ex-U.S. Large Cap – Blend | 1.12% | 5.32% | 7.21% | 14.92% | 3.68% | 34.44% |
| Equity: Global Ex-U.S. Large Cap – Growth | 0.80% | 6.07% | 5.96% | 12.78% | 4.47% | 28.62% |
The EPEM (Harbor Emerging Markets Equity ETF) led the Emerging Markets segment with a 3.90% WTD return, while FDTS (First Trust Developed Markets ex-US Small Cap AlphaDEX Fund) was the standout in the Global Ex-U.S. segment, returning 3.41%. The overall channel laggards were PCIG (Polen Capital International Growth ETF) and IGGY (AB International Growth ETF), which fell -1.38% and -1.30% respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX Fund | 3.41% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | 3.11% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 3.10% |
| PATN | Pacer Nasdaq International Patent Leaders ETF | 2.58% |
| FEOE | First Eagle Overseas Equity ETF | 2.52% |
| Bottom Performers | ||
| PCIG | Polen Capital International Growth ETF | -1.38% |
| IGGY | AB International Growth ETF | -1.30% |
| DINT | Davis Select International ETF | -1.16% |
| BCIL | Bancreek International Large Cap ETF | -0.42% |
| TXUG | Thornburg International Growth Fund ETF | -0.40% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EPEM | Harbor Emerging Markets Equity ETF | 3.90% |
| GEME | Pacific North of South EM Equity Active ETF | 3.12% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 3.05% |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 2.97% |
| BCHI | GMO Beyond China ETF | 2.96% |
| Bottom Performers | ||
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | -0.39% |
| BKF | iShares MSCI BIC ETF | 0.04% |
| TEMX | Touchstone Sands Capital Emerging Markets ex-China Growth ETF | 0.26% |
| WCME | First Trust WCM Developing World Equity ETF | 0.55% |
| RNEM | First Trust Emerging Markets Equity Select ETF | 0.57% |
Analyzing the Weekly Flows
Net flows for the channel were overwhelmingly positive this week, totaling $8,327M. The Emerging Large Cap category led the way, pulling in $5,533M in new assets, bringing its total AUM to $392.5B. Global Ex-U.S. Large Cap – Blend also saw significant interest with $1,814M in weekly inflows. On the laggard side, the Emerging Small | Mid Cap segment saw flat activity with $0M in net movement.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Emerging Large Cap | 100 | $392.5B | $5,533M | $13,956M | $25,140M | $8,801M | $46,533M |
| Equity: Global Ex-U.S. Large Cap – Blend | 122 | $980.2B | $1,814M | $22,717M | $42,946M | $6,699M | $115,363M |
| Equity: Global Ex-U.S. Large Cap – Value | 52 | $121.4B | $703M | $2,675M | $5,828M | $1,627M | $19,659M |
| Equity: Global Ex-U.S. Small | Mid Cap | 19 | $62.2B | $218M | $1,249M | $5,188M | $473M | $8,225M |
| Equity: Global Ex-U.S. Large Cap – Growth | 26 | $38.7B | $58M | $705M | $1,156M | $201M | ($2,734M) |
| Equity: Emerging Small | Mid Cap | 6 | $3.2B | $0M | $5M | $0M | $6M | ($429M) |
The IEMG (iShares Core MSCI Emerging Markets ETF) dominated Emerging Market inflows with $3,254M, while VEA (Vanguard FTSE Developed Markets ETF) led the Global Ex-U.S. segment with $532M. The largest overall outflows were concentrated in JIRE (JPMorgan International Research Enhanced Equity ETF) and ESGD (iShares ESG Aware MSCI EAFE ETF), which saw ($193M) and ($108M) in redemptions, respectively.
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 | $532M |
| VYMI | Vanguard International High Dividend Yield ETF | $313M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $283M |
| SPDW | SPDR Portfolio Developed World ex-US ETF | $255M |
| FENI | Fidelity Enhanced International ETF | $177M |
| Outflows | ||
| JIRE | JPMorgan International Research Enhanced Equity ETF | ($193M) |
| ESGD | iShares ESG Aware MSCI EAFE ETF | ($108M) |
| OSEA | Harbor International Compounders ETF | ($68M) |
| IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | ($30M) |
| FNDC | Schwab Fundamental International Small Equity ETF | ($14M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $3,254M |
| EEM | iShares MSCI Emerging Markets ETF | $830M |
| AVEM | Avantis Emerging Markets Equity ETF | $453M |
| VWO | Vanguard FTSE Emerging Markets ETF | $312M |
| DFAE | Dimensional Emerging Core Equity Market ETF | $108M |
| Outflows | ||
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | ($20M) |
| EMC | Global X Emerging Markets Great Consumer ETF | ($3M) |
Issuer League Table Update
The channel’s landscape is dominated by iShares and Vanguard, which hold 39.09% and 33.66% market share, respectively. iShares was the clear leader in gathering weekly assets, adding $4,494M in net inflows. Conversely, JPMorgan, a top issuer, experienced the largest weekly outflows within the leaderboard, seeing ($158M) leave its products.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $624.75B | 39.09% |
| Vanguard | 9 | $537.88B | 33.66% |
| Schwab | 7 | $108.77B | 6.81% |
| Dimensional | 15 | $86.79B | 5.43% |
| SPDR | 12 | $58.35B | 3.65% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $4,494M |
| Vanguard | $1,504M |
| Avantis | $734M |
| Outflows | |
| JPMorgan | ($158M) |
| Harbor | ($68M) |
| WisdomTree | ($31M) |
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.
