Weekly Channel Summary
The Region & Country ETF channel, comprising 191 funds from 37 issuers, holds a total of $287.02 billion in assets under management. This week, investors pulled a net $1.15 billion from the space, reducing the year-to-date inflow total to $17.21 billion. Over the past twelve months, the channel has still managed to attract a substantial $27.37 billion in net new assets.
This Week’s Performance Leaders and Laggards
Eurozone-focused ETFs led performance this week, posting a collective gain of 2.51% and bringing their year-to-date return to 9.24%. Conversely, Asia-Pacific funds were the primary laggards, dropping 1.07% over the past five trading days. Despite the weekly decline, the Asia-Pacific category remains the top performer on a year-to-date basis with an impressive 25.09% return. Latin America also struggled, declining by 0.42% for the week.
Region Performance Snapshot
| Region | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Eurozone | 2.51% | 1.90% | 9.27% | 7.97% | 9.24% | 19.46% |
| Africa-Middle East | 1.27% | -4.21% | 1.50% | 3.27% | 4.34% | 17.55% |
| North America | -0.05% | -2.10% | 5.28% | 7.36% | 7.85% | 25.93% |
| Latin America | -0.42% | -2.90% | -5.82% | 8.29% | 9.39% | 27.11% |
| Asia-Pacific | -1.07% | -4.44% | 16.55% | 22.20% | 25.09% | 47.83% |
Top & Bottom 5 ETFs by Weekly Performance
A significant performance divergence was visible among South Korea-focused funds this week. The PLUS Korea Defense Industry Index ETF (KDEF) surged by 9.76%, making it the top-performing fund in the channel. In stark contrast, the iShares MSCI South Korea ETF (EWY) was the worst performer, plummeting 8.69%. China-focused funds also showed mixed results, with the Roundhill China Magnificent Seven ETF (MAGC) gaining 5.79% while the VanEck China Semiconductor ETF (SMHC) fell 6.45%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KDEF | PLUS Korea Defense Industry Index ETF | 9.76% |
| KURE | KraneShares MSCI All China Health Care Index ETF | 8.79% |
| MAGC | Roundhill China Magnificent Seven ETF | 5.79% |
| IZRL | ARK Israel Innovative Technology ETF | 5.21% |
| EDEN | iShares MSCI Denmark ETF | 4.98% |
| Bottom Performers | ||
| EWY | iShares MSCI South Korea ETF | -8.69% |
| FLKR | Franklin FTSE South Korea ETF | -8.29% |
| SMHC | VanEck China Semiconductor ETF | -6.45% |
| MCHS | Matthews China Innovators Active ETF | -6.43% |
| MKOR | Matthews Korea Active ETF | -6.32% |
Analyzing the Weekly Flows
The channel experienced net outflows of $1.15 billion, driven primarily by significant redemptions from Asia-Pacific focused funds, which shed $776 million. Latin America and North America also saw notable withdrawals, losing $299 million and $144 million, respectively. Bucking the trend, Eurozone ETFs were the only category to attract meaningful capital, pulling in a net $141 million for the week.
Region Flows Summary
| Region | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Eurozone | 55 | $83.84B | $141M | $726M | -$1,246M | $305M | $2,548M |
| Africa-Middle East | 11 | $3.06B | -$72M | -$129M | -$213M | $454M | $737M |
| North America | 3 | $17.14B | -$144M | $476M | $887M | $2,216M | $2,379M |
| Latin America | 15 | $18.04B | -$299M | -$1,421M | -$33M | $3,721M | $4,920M |
| Asia-Pacific | 106 | $164.72B | -$776M | $641M | $2,593M | $10,518M | $16,785M |
Top & Bottom 5 ETFs by 5-Day Flow
Japan-focused funds captured the top spots for inflows, led by the JPMorgan BetaBuilders Japan ETF (BBJP) which collected $159 million. On the other side of the ledger, broad regional funds saw the largest redemptions. The iShares MSCI Emerging Markets Asia ETF (EEMA) led all outflows with a $333 million withdrawal, followed by the iShares MSCI Brazil ETF (EWZ), which shed $224 million. The struggling iShares MSCI South Korea ETF (EWY) also saw significant outflows of $214 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BBJP | JPMorgan BetaBuilders Japan ETF | $159M |
| EWU | iShares MSCI United Kingdom ETF | $151M |
| DXJ | WisdomTree Japan Hedged Equity Fund | $61M |
| SMIN | iShares MSCI India Small Cap ETF | $49M |
| EIDO | iShares MSCI Indonesia ETF | $46M |
| Outflows | ||
| EEMA | iShares MSCI Emerging Markets Asia ETF | -$333M |
| EWZ | iShares MSCI Brazil ETF | -$224M |
| EWY | iShares MSCI South Korea ETF | -$214M |
| EWJ | iShares MSCI Japan ETF | -$195M |
| EWC | iShares MSCI Canada ETF | -$184M |
Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: SMHC ($214M).
Issuer League Table Update
iShares remains the dominant issuer in the Region & Country space, commanding a 53.41% market share, while JPMorgan holds the second position with 14.99%. This week, JPMorgan led all issuers in asset gathering, bringing in a net $200 million. In contrast, iShares experienced the largest outflows by a wide margin, with investors pulling nearly $1.22 billion from its suite of funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 64 | $153.29B | 53.41% |
| JPMorgan | 5 | $43.03B | 14.99% |
| Vanguard | 2 | $38.06B | 13.26% |
| Franklin | 18 | $14.08B | 4.91% |
| WisdomTree | 10 | $12.70B | 4.42% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $200M |
| WisdomTree | $46M |
| Rayliant | $13M |
| Outflows | |
| iShares | -$1,219M |
| KraneShares | -$94M |
| Xtrackers | -$42M |
For a deeper dive into these trends, access our FREE, in-depth Region & Country 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.
