Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel currently oversees approximately $1,668 billion in total Assets Under Management (AUM) across 324 ETFs from 91 different brands. The past week was characterized by robust investor demand, with the channel attracting $12.29 billion in net new money. This strong weekly activity bolsters a year-to-date (YTD) flow of $39.56 billion and underscores a massive $207.98 billion in net inflows over the trailing one-year period, signaling sustained confidence in international and emerging market equity segments.
This Week’s Performance Leaders and Laggards
Broad-based gains were evident across the channel this week, led by a standout performance in Emerging Markets. The EEM (Emerging Large Cap) category surged with a 3.06% week-to-date (WTD) return, while Global Ex-U.S. Large Cap Value followed with a strong 2.04% gain. Growth-oriented strategies lagged their peers, with the Global Ex-U.S. Large Cap Growth category returning a modest 0.81%. Despite the variance in weekly returns, all categories remain firmly in positive territory for the year, with Emerging Large Cap leading YTD at 10.05%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Emerging Large Cap | 3.06% | 10.34% | 10.57% | 40.96% | 10.05% | 23.20% |
| Equity: Global Ex-U.S. Large Cap – Value | 2.04% | 6.32% | 11.54% | 41.85% | 6.39% | 19.21% |
| Equity: Emerging Small | Mid Cap | 2.01% | 8.10% | 6.42% | 28.23% | 7.62% | 11.95% |
| Equity: Global Ex-U.S. Large Cap – Blend | 1.42% | 5.77% | 8.64% | 33.32% | 5.93% | 16.02% |
| Equity: Global Ex-U.S. Small | Mid Cap | 1.39% | 7.28% | 11.69% | 44.68% | 7.61% | 19.32% |
| Equity: Global Ex-U.S. Large Cap – Growth | 0.81% | 5.91% | 6.86% | 25.86% | 6.17% | 13.87% |
At the fund level, EMEQ (Nomura Focused Emerging Markets Equity ETF) led the Emerging segment with a 6.84% gain, while EFAS (Global X MSCI SuperDividend EAFE ETF) topped the Global Ex-U.S. list. On the downside, IHDG (WisdomTree International Hedged Quality Dividend Growth Fund) and BKCI (BNY Mellon Concentrated International ETF) were the primary laggards, both finishing the week in negative territory.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EFAS | Global X MSCI SuperDividend EAFE ETF | 3.40% |
| FGD | First Trust Dow Jones Global Select Dividend Fund | 3.27% |
| FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX | 3.18% |
| SCHY | Schwab International Dividend Equity ETF | 3.11% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 3.05% |
| Bottom Performers | ||
| IHDG | WisdomTree International Hedged Quality Dividend Growth | -1.41% |
| BKCI | BNY Mellon Concentrated International ETF | -1.02% |
| QLTI | GMO International Quality ETF | -0.97% |
| TLCI | Touchstone International Equity ETF | -0.82% |
| DTAN | Sparkline International Intangible Value ETF | -0.71% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EMEQ | Nomura Focused Emerging Markets Equity ETF | 6.84% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 5.76% |
| EMDM | First Trust Bloomberg Emerging Market Democracies | 5.65% |
| EMSF | Matthews Emerging Markets Sustainable Future | 4.79% |
| MEM | Matthews Emerging Markets Equity Active ETF | 4.33% |
| Bottom Performers | ||
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | 0.00% |
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX | 0.31% |
| EWX | SPDR S&P Emerging Markets Small Cap ETF | 0.89% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor | 1.36% |
| XC | WisdomTree True Emerging Markets Fund | 1.47% |
Analyzing the Weekly Flows
Net inflows for the channel totaled $12.29 billion this week. The Emerging Large Cap category was the primary beneficiary, attracting $5.70 billion in new capital, bringing its total AUM to $419.2 billion. Global Ex-U.S. Large Cap Blend also saw significant interest with $5.52 billion in weekly inflows. On the other end of the spectrum, Emerging Small | Mid Cap was the only category to see net outflows, shedding $5 million over the past five sessions.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Emerging Large Cap | 100 | $419.2B | $5,697M | $19,755M | $34,472M | $19,717M | $57,214M |
| Global Ex-U.S. Large Cap – Blend | 121 | $1,014.1B | $5,520M | $16,051M | $46,565M | $15,314M | $123,946M |
| Global Ex-U.S. Large Cap – Value | 52 | $126.6B | $899M | $3,130M | $6,894M | $3,129M | $21,244M |
| Global Ex-U.S. Small | Mid Cap | 19 | $65.4B | $133M | $943M | $4,119M | $939M | $8,587M |
| Global Ex-U.S. Large Cap – Growth | 26 | $39.4B | $48M | $526M | $1,257M | $461M | ($2,618M) |
| Emerging Small | Mid Cap | 6 | $3.3B | ($5M) | ($1M) | ($11M) | ($1M) | ($398M) |
In the fund universe, VXUS (Vanguard Total International Stock ETF) and IEMG (iShares Core MSCI Emerging Markets ETF) were the dominant inflow leaders, gathering $3,336 million and $1,981 million respectively. Conversely, EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and GSID (Marketbeta INTL Equity ETF) experienced the largest weekly 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 | $3,336M |
| IDEV | iShares Core MSCI International Developed | $1,259M |
| VEA | Vanguard FTSE Developed Markets ETF | $334M |
| VYMI | Vanguard International High Dividend Yield | $293M |
| AVDE | Avantis International Equity ETF | $277M |
| Outflows | ||
| GSID | Marketbeta INTL Equity ETF | ($66M) |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | ($54M) |
| ESGD | iShares ESG Aware MSCI EAFE ETF | ($50M) |
| IMTM | iShares MSCI Intl Momentum Factor ETF | ($46M) |
| GRIN | VictoryShares International Free Cash Flow | ($38M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $1,981M |
| EEM | iShares MSCI Emerging Markets ETF | $1,679M |
| EMOP | AB Emerging Markets Opportunities ETF | $1,367M |
| EMXC | iShares MSCI Emerging Markets ex China ETF | $277M |
| VWO | Vanguard FTSE Emerging Markets ETF | $149M |
| Outflows | ||
| EEMV | iShares MSCI Emerging Markets Min Vol Factor | ($324M) |
| DISV | Dimensional International Small Cap Value | ($34M) |
| DGS | WisdomTree Emerging Markets SmallCap Dividend | ($19M) |
| EMC | Global X Emerging Markets Great Consumer | ($15M) |
| JHEM | John Hancock Multifactor Emerging Markets | ($4M) |
Issuer League Table Update
The issuer landscape remains highly concentrated, with iShares and Vanguard controlling a combined 72.7% of the total market share. iShares led the pack in gathering net new money this week, attracting $4,968 million in net inflows. Vanguard followed closely with $4,260 million. Among top issuers, Goldman Sachs saw the most significant net outflows, shedding $59 million from its Global Ex-U.S. product suite.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $652.31B | 39.11% |
| Vanguard | 9 | $560.83B | 33.63% |
| Schwab | 7 | $112.24B | 6.73% |
| Dimensional | 15 | $90.30B | 5.41% |
| SPDR | 12 | $60.54B | 3.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $4,968M |
| Vanguard | $4,260M |
| AB Funds | $1,383M |
| Outflows | |
| Goldman Sachs | ($59M) |
| VictoryShares | ($38M) |
| Xtrackers | ($16M) |
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.
