Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, encompassing 346 ETFs from 98 issuers, now holds approximately $1.86 trillion in assets under management. This past week, investors added a net $4.70 billion to the space, contributing to a substantial year-to-date total of $166.64 billion. Over the past year, the channel has accumulated an impressive $263.34 billion in net new assets.
This Week’s Performance Leaders and Laggards
Performance across Global Ex-U.S. categories was mixed, with a slight positive tilt for most segments. Global Ex-U.S. Small | Mid Cap funds led the way, posting an average gain of 0.64% for the week. In contrast, Emerging Small | Mid Cap was the weakest performer, declining by an average of 1.27%. The largest category, Global Ex-U.S. Large Cap – Blend, ended the week nearly flat with a 0.08% gain.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Small | Mid Cap | 0.64% | 0.37% | 0.03% | 1.95% | 9.12% | 20.13% |
| Global Ex-U.S. Large Cap – Value | 0.53% | 3.33% | 4.47% | 9.58% | 14.48% | 28.34% |
| Global Ex-U.S. Large Cap – Blend | 0.08% | -0.05% | 2.70% | 5.88% | 11.08% | 21.00% |
| Emerging Large Cap | 0.07% | -4.16% | -0.59% | 6.26% | 13.84% | 25.61% |
| Global Ex-U.S. Large Cap – Growth | -0.06% | -0.70% | 2.56% | 3.29% | 7.78% | 13.97% |
| Emerging Small | Mid Cap | -1.27% | -4.56% | -4.06% | 1.02% | 7.35% | 11.86% |
Top & Bottom 5 ETFs by Weekly Performance
Among individual funds, the Rayliant NxtGen Multifactor Emerging Markets Equity ETF (RWEM) stood out with a strong weekly return of 4.01%, significantly outpacing its category average. On the other end of the spectrum, the First Trust International Developed Capital Strength ETF (FICS) was the week’s laggard, declining by 1.71%. This highlights the wide dispersion of returns available within the international equity space.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| RWEM | Rayliant NxtGen Multifactor Emerging Markets Equity ETF | 4.01% |
| PIEQ | Principal International Equity ETF | 2.00% |
| EFFE | Harbor Osmosis Emerging Markets Resource Efficient ETF | 1.99% |
| DVYE | iShares Emerging Markets Dividend ETF | 1.93% |
| VEM | Virtus Emerging Markets Dividend ETF | 1.91% |
| Bottom Performers | ||
| FICS | First Trust International Developed Capital Strength ETF | -1.71% |
| MEMS | Matthews Emerging Markets Discovery Active ETF | -1.69% |
| QLTI | GMO International Quality ETF | -1.66% |
| EMSC | Sophus Capital Emerging Market Small Cap ETF | -1.66% |
| IGGY | AB International Growth ETF | -1.62% |
Analyzing the Weekly Flows
Investors demonstrated strong conviction in international equities, pouring a net $4.70 billion into the channel this week. Demand was heavily concentrated in the largest segments, with Global Ex-U.S. Large Cap – Blend funds attracting $2.16 billion and Emerging Large Cap funds gathering $1.79 billion. In contrast, Global Ex-U.S. Small | Mid Cap funds experienced minor net redemptions totaling $32 million, marking it as the only category with outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 128 | $1,127.15B | $2,164M | $11,096M | $38,611M | $94,894M | $158,933M |
| Emerging Large Cap | 105 | $464.63B | $1,789M | $4,263M | $8,457M | $43,916M | $65,349M |
| Global Ex-U.S. Large Cap – Value | 55 | $145.40B | $766M | $5,075M | $3,524M | $14,837M | $21,330M |
| Global Ex-U.S. Large Cap – Growth | 29 | $49.32B | $14M | $504M | $2,435M | $9,507M | $8,373M |
| Emerging Small | Mid Cap | 7 | $3.20B | $0M | -$11M | -$60M | -$125M | -$203M |
| Global Ex-U.S. Small | Mid Cap | 22 | $67.39B | -$32M | -$1,648M | -$154M | $3,612M | $9,557M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Core MSCI EAFE ETF (IEFA) led all funds in asset gathering, pulling in a substantial $640 million for the week. This single fund accounted for a significant portion of the inflows into the Large Cap Blend category. On the redemption side, the iShares ESG Advanced MSCI EAFE ETF (DMXF) saw the largest weekly outflow at $217 million, followed by the iShares MSCI EAFE Small-Cap ETF (SCZ) with $83 million in net withdrawals.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEFA | iShares Core MSCI EAFE ETF | $640M |
| VEA | Vanguard FTSE Developed Markets ETF | $574M |
| VWO | Vanguard FTSE Emerging Markets ETF | $531M |
| AVEM | Avantis Emerging Markets Equity ETF | $430M |
| EEM | iShares MSCI Emerging Markets ETF | $427M |
| Outflows | ||
| DMXF | iShares ESG Advanced MSCI EAFE ETF | -$217M |
| SCZ | iShares MSCI EAFE Small-Cap ETF | -$83M |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | -$30M |
| AVDV | Avantis International Small Cap Value ETF | -$30M |
| TOUS | T. Rowe Price International Equity ETF | -$28M |
Issuer League Table Update
The issuer landscape remains dominated by iShares and Vanguard, which control 38.20% and 33.20% of the channel’s assets, respectively. This week, Vanguard narrowly led the pack in asset gathering, attracting nearly $1.55 billion in net new assets, just ahead of iShares’ $1.52 billion haul. T. Rowe Price experienced the largest net redemptions among issuers, though the total was a modest $28 million for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $709.42B | 38.20% |
| Vanguard | 11 | $616.61B | 33.20% |
| Schwab | 7 | $123.51B | 6.65% |
| Dimensional | 15 | $104.59B | 5.63% |
| Avantis | 12 | $68.02B | 3.66% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,549M |
| iShares | $1,518M |
| Avantis | $538M |
| Outflows | |
| T. Rowe Price | -$28M |
| Invesco | -$11M |
| State Street | -$10M |
For a deeper dive into these trends, access our FREE, in-depth Global Ex-U.S. Size & Style 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.
