Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel, comprising 311 ETFs from 88 issuers, currently holds a total of $1.425 trillion in assets under management. Over the past week, the channel saw net inflows of $1.73 billion. Year-to-date, investors have poured $109.46 billion into this category, with flows over the past year reaching an impressive $133.93 billion, indicating sustained positive sentiment in international equities.
This Week’s Performance Leaders and Laggards
This week, the Global Ex-U.S. Large Cap Blend category led the charge with a 1.32% week-to-date return, contributing to its strong 25.55% year-to-date performance. In contrast, the Emerging Small | Mid Cap category was the primary laggard, posting a negative return of -0.12% for the week, though it remains up 15.13% year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Global Ex-U.S. Large Cap – Blend | 1.32% | 0.77% | 6.04% | 18.93% | 25.55% | 19.05% |
| Equity: Global Ex-U.S. Large Cap – Value | 1.23% | 0.04% | 6.69% | 19.02% | 29.60% | 23.23% |
| Equity: Emerging Large Cap | 1.23% | 0.60% | 7.96% | 26.26% | 24.63% | 18.43% |
| Equity: Global Ex-U.S. Large Cap – Growth | 1.13% | 0.92% | 4.22% | 17.79% | 20.70% | 14.94% |
| Equity: Global Ex-U.S. Small | Mid Cap | 0.82% | -0.85% | 5.90% | 23.40% | 29.98% | 24.19% |
| Equity: Emerging Small | Mid Cap | -0.12% | -3.47% | 2.30% | 21.39% | 15.13% | 10.65% |
Among individual ETFs, the First Trust Bloomberg Emerging Market Democracies ETF (EMDM) was the standout performer in Emerging Markets with a 4.80% gain. In the Global Ex-U.S. space, the Invesco International Growth Focus ETF (MTRA) led with a 3.77% return. On the other end, the Renaissance International IPO ETF (IPOS) and the Alpha Architect International Quantitative Momentum ETF (IMOM) were the week’s worst performers, down -2.35% and -1.93% respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MTRA | Invesco International Growth Focus ETF | 3.77% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 3.75% |
| QLTI | GMO International Quality ETF | 3.57% |
| MOTI | VanEck Morningstar International Moat ETF | 3.48% |
| BIDD | iShares International Dividend Active ETF | 3.47% |
| Bottom Performers | ||
| IPOS | Renaissance International IPO ETF | -2.35% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | -1.93% |
| FFDI | Fidelity Fundamental Developed International ETF | -0.53% |
| DDLS | WisdomTree Dynamic International SmallCap Equity Fund | -0.62% |
| FYLD | Cambria Foreign Shareholder Yield ETF | -0.54% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 4.80% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 4.75% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 4.61% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 4.17% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 3.93% |
| Bottom Performers | ||
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | -1.21% |
| ECOW | Pacer Emerging Markets Cash Cows 100 ETF | -1.10% |
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | -1.04% |
| SCHE | Schwab Emerging Markets Equity ETF | -0.90% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | -0.83% |
Analyzing the Weekly Flows
The channel attracted a total of $1.714 billion in net flows this week. The Global Ex-U.S. Large Cap – Blend category was the clear winner, pulling in $1.8 billion. This category, with a massive $879.4 billion in AUM, continues to dominate investor interest. Both the Global Ex-U.S. Large Cap – Value and Small | Mid Cap categories also saw significant inflows of $72 million each. Conversely, the Emerging Large Cap segment experienced the largest outflows, shedding $123 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 | $879.4B | $1,800M | $9,522M | $30,932M | $76,373M | $92,890M |
| Global Ex-U.S. Large Cap – Value | 51 | $105.9B | $72M | ($39M) | $2,761M | $14,084M | $16,515M |
| Global Ex-U.S. Small | Mid Cap | 18 | $52.9B | $72M | $269M | $1,543M | $3,277M | $3,512M |
| Emerging Small | Mid Cap | 6 | $3.1B | $0M | ($2M) | ($68M) | ($491M) | ($813M) |
| Global Ex-U.S. Large Cap – Growth | 27 | $36.0B | ($106M) | ($3,231M) | ($2,041M) | ($3,849M) | ($1,646M) |
| Emerging Large Cap | 98 | $347.7B | ($123M) | $3,045M | $6,616M | $20,048M | $23,452M |
Drilling down to individual ETFs, the abrdn Emerging Markets Dividend Active ETF (AGEM) was the top asset gatherer in the Emerging Markets space, with $59 million in new assets. For Global Ex-U.S. ETFs, the Vanguard FTSE Developed Markets ETF (VEA) led with an impressive $486 million inflow. On the outflows side, the iShares MSCI Intl Quality Factor ETF (IQLT) and iShares International Dividend Active ETF (BIDD) saw the largest redemptions, with $235 million and $144 million 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 | $486M |
| SPDW | SPDR Portfolio Developed World ex-US ETF | $441M |
| IEFA | iShares Core MSCI EAFE ETF | $367M |
| FENI | Fidelity Enhanced International ETF | $168M |
| AVDE | Avantis International Equity ETF | $153M |
| Outflows | ||
| IQLT | iShares MSCI Intl Quality Factor ETF | ($235M) |
| BIDD | iShares International Dividend Active ETF | ($144M) |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | ($113M) |
| EFG | iShares MSCI EAFE Growth ETF | ($92M) |
| EFV | iShares MSCI EAFE Value ETF | ($81M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| AGEM | abrdn Emerging Markets Dividend Active ETF | $59M |
| AVEM | Avantis Emerging Markets Equity ETF | $49M |
| CGNG | Capital Group New Geography Equity ETF | $30M |
| EMOP | AB Emerging Markets Opportunities ETF | $27M |
| SEEM | SEI Select Emerging Markets Equity ETF | $14M |
| Outflows | ||
| EMXC | iShares MSCI Emerging Markets ex China ETF | ($104M) |
| EMCS | Xtrackers MSCI Emerging Markets Climate Selection ETF | ($101M) |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | ($53M) |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | ($26M) |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | ($26M) |
Issuer League Table Update
iShares and Vanguard continue to dominate the issuer landscape, holding 39.56% and 33.68% of the market share, respectively. This week, Vanguard led the pack in asset gathering with $464 million in inflows. In contrast, iShares, despite its leading market share, experienced the largest outflows among top issuers, with a net redemption of $324 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $563.78B | 39.56% |
| Vanguard | 9 | $479.93B | 33.68% |
| Schwab | 7 | $99.16B | 6.96% |
| Dimensional | 15 | $75.54B | 5.30% |
| SPDR | 12 | $52.31B | 3.67% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $464M |
| SPDR | $450M |
| Avantis | $415M |
| Outflows | |
| iShares | -$324M |
| Xtrackers | -$120M |
| JPMorgan | -$67M |
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.
