Weekly Channel Summary
The Region & Country channel held $296.96B in assets across 198 ETFs from 40 issuers. Weekly net flows were negative at -$749M, though the channel remains firmly positive with $32,819M gathered year-to-date and $38,058M over the trailing year. The steep 5-day outflow was driven almost entirely by a single-country selloff, overshadowing otherwise steady inflows elsewhere in the channel. Despite the weekly pullback, longer-term flow trends across most regions remain constructive.
This Week’s Performance Leaders and Laggards
Eurozone led all regions on the week with a 1.25% WTD gain, extending a solid YTD return of 6.95%, while North America (-0.11%) and Asia-Pacific (-0.49%) were roughly flat. Latin America was the clear laggard, collapsing 18.03% WTD and dragging its 3-month return to -10.31%, though it still holds a positive 3.45% YTD figure. Africa-Middle East also declined 1.54% WTD, extending a weak YTD performance of -0.77%. Asia-Pacific stands out on a longer horizon with a 20.58% YTD gain despite a rough -6.67% 1-month stretch. The regional dispersion this week was unusually wide, reflecting a sharp, isolated shock in Latin American markets.
Region Performance Snapshot
| Region | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Eurozone | 1.25% | 0.26% | -3.40% | 2.00% | 6.95% | 12.42% |
| North America | -0.11% | 3.97% | 2.26% | 4.45% | 13.31% | 21.68% |
| Asia-Pacific | -0.49% | -6.67% | -2.18% | 0.22% | 20.58% | 21.63% |
| Africa-Middle East | -1.54% | -4.89% | -3.92% | -8.18% | -0.77% | 3.30% |
| Latin America | -18.03% | -9.64% | -10.31% | -13.63% | 3.45% | 9.70% |
Top & Bottom 5 ETFs by Weekly Performance
Brazil-focused funds dominated the bottom of the performance table, with EWZS plunging 37.04% WTD and BRF down 35.81%, with three other Brazil vehicles also down more than 23%. On the upside, QAT led all funds with a 6.48% weekly gain, followed by INCO up 3.87% and EWH up 3.64%. The magnitude of the Brazil decline, concentrated in small-cap and broad-market vehicles alike, represents one of the sharpest single-week moves in the channel. These results underscore how country-specific shocks can produce extreme dispersion even within a broadly diversified regional ETF universe.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| QAT | iShares MSCI Qatar ETF | 6.48% |
| INCO | Columbia India Consumer ETF | 3.87% |
| EWH | iShares MSCI Hong Kong ETF | 3.64% |
| EWD | iShares MSCI Sweden ETF | 3.51% |
| IMVP | Invesco India ETF | 3.32% |
| Bottom Performers | ||
| EWZS | iShares MSCI Brazil Small-Cap ETF | -37.04% |
| BRF | VanEck Brazil Small-Cap ETF | -35.81% |
| BRAZ | Global X Brazil Active ETF | -24.17% |
| FLBR | Franklin FTSE Brazil ETF | -24.12% |
| EWZ | iShares MSCI Brazil ETF | -23.78% |
Analyzing the Weekly Flows
The channel posted a net outflow of $749M for the week, a reversal driven almost entirely by Latin America, which shed $1,215M on the week despite strong $5,303M YTD inflows. Asia-Pacific led inflows at $228M, followed by North America at $185M and Eurozone at $52M, while Africa-Middle East was essentially flat. Latin America’s weekly outflow stands in sharp contrast to its 30-day inflow of $2,773M, highlighting a rapid shift in sentiment tied to the Brazil selloff. Longer-term trends remain broadly positive across regions, with Asia-Pacific alone contributing $18,555M to the channel’s YTD total.
Region Flows Summary
| Region | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Asia-Pacific | 113 | $167.78B | $228M | $1,845M | $3,840M | $18,555M | $21,538M |
| North America | 3 | $20.65B | $185M | $847M | $2,186M | $4,520M | $4,814M |
| Eurozone | 55 | $87.62B | $52M | -$145M | $2,850M | $4,175M | $5,347M |
| Africa-Middle East | 12 | $2.79B | $0M | -$30M | -$138M | $266M | $336M |
| Latin America | 15 | $18.12B | -$1,215M | $2,773M | $1,824M | $5,303M | $6,023M |
Top & Bottom 5 ETFs by 5-Day Flow
EWJ led all funds with $200M of weekly inflows, followed by FLJP at $144M, both reflecting continued demand for Japan exposure. On the outflow side, EWZ suffered a sharp $1,111M redemption, by far the largest in the channel, while ILF saw a further $138M exit. Canada-focused funds BBCA and EWC also drew notable inflows of $100M and $86M, respectively. The fund-level flow picture mirrors the regional story, with Brazil redemptions overwhelming otherwise healthy demand for Japan and Canada vehicles.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| EWJ | iShares MSCI Japan ETF | $200M |
| FLJP | Franklin FTSE Japan ETF | $144M |
| BBCA | JPMorgan BetaBuilders Canada ETF | $100M |
| EWC | iShares MSCI Canada ETF | $86M |
| EWW | iShares MSCI Mexico ETF | $68M |
| Outflows | ||
| EWZ | iShares MSCI Brazil ETF | -$1,111M |
| ILF | iShares Latin America 40 ETF | -$138M |
| CQQQ | Invesco China Technology ETF | -$80M |
| EWT | iShares MSCI Taiwan ETF | -$66M |
| EZU | iShares MSCI Eurozone ETF | -$46M |
Issuer League Table Update
iShares remains the dominant issuer in the channel with $160.11B in assets and a 53.92% market share across 64 funds, followed by JPMorgan at 15.84% with $47.04B. Franklin led weekly inflows with $175M, followed by JPMorgan at $126M, while Vanguard added a modest $5M. On the outflow side, iShares experienced the largest weekly redemption at $920M, consistent with its heavy exposure to the Brazil funds that drove the channel’s pullback, while Invesco saw a smaller $80M outflow. The divergence between iShares’ scale-driven outflow and Franklin’s inflow leadership illustrates how concentrated country exposure can shape issuer-level flow outcomes in a single week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 64 | $160.11B | 53.92% |
| JPMorgan | 5 | $47.04B | 15.84% |
| Vanguard | 2 | $38.38B | 12.92% |
| Franklin | 18 | $17.00B | 5.73% |
| WisdomTree | 10 | $12.28B | 4.14% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Franklin | $175M |
| JPMorgan | $126M |
| Vanguard | $5M |
| Outflows | |
| iShares | -$920M |
| Invesco | -$80M |
| WisdomTree | -$19M |
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.
