DXJ Mega-Flow and Brazil Rally Power Region ETFs

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Weekly Channel Summary

The Region & Country channel ended the week with $314.90B in total AUM spread across 197 ETFs from 40 issuers. Weekly net inflows totaled $16,581M, contributing to a YTD net flow of $44,165M and a 1-Year net flow of $54,036M. These figures underscore sustained investor engagement with international equity exposures throughout 2026. The channel’s scale and issuer diversity reflect its role as a core allocation tool for global investors.

This Week’s Performance Leaders and Laggards

Latin America led all regions on a WTD basis with an 11.04% gain, extending its YTD return to 30.31% and 1-Year return to 45.51%, driven largely by a sharp Brazil rally. North America posted a modest 0.49% weekly gain, while Eurozone funds slipped 0.57% WTD despite a positive 5.56% YTD showing. Africa-Middle East was the weakest region WTD at -1.40%, though it remains positive YTD at 2.64%. Asia-Pacific, the largest region by fund count, declined 1.63% WTD but retains a strong 30.23% YTD and 38.10% 1-Year return, highlighting a divergence between recent softness and longer-term momentum.

Region Performance Snapshot

Region WTD 1 Month 3 Month 6 Month YTD 1 Year
Latin America 11.04% 9.15% 17.52% 5.18% 30.31% 45.51%
North America 0.49% -3.14% 1.08% 5.46% 10.17% 18.50%
Eurozone -0.57% -4.43% -2.39% 1.09% 5.56% 11.38%
Africa-Middle East -1.40% -5.34% -1.43% -4.11% 2.64% 6.23%
Asia-Pacific -1.63% -1.11% 1.21% 13.18% 30.23% 38.10%

Top & Bottom 5 ETFs by Weekly Performance

Brazil-focused funds dominated the top of the leaderboard, with BRF surging 25.07% WTD and EWZS close behind at 24.47%, both far outpacing the broader Latin America category average. EWZ also gained 14.01% on the week. On the opposite end, South Korea exposure weighed heavily on returns, as KDEF fell 10.38% and EWY dropped 7.63%, consistent with the Asia-Pacific region’s overall weekly decline. The spread between top and bottom performers illustrates significant intra-region dispersion despite broadly positive YTD backdrops.

Ticker Fund Name WTD Performance
Top Performers
BRF VanEck Brazil Small-Cap ETF 25.07%
EWZS iShares MSCI Brazil Small-Cap ETF 24.47%
BRAZ Global X Brazil Active ETF 19.04%
EWZ iShares MSCI Brazil ETF 14.01%
FLBR Franklin FTSE Brazil ETF 13.58%
Bottom Performers
KDEF PLUS Korea Defense Industry Index ETF -10.38%
EWY iShares MSCI South Korea ETF -7.63%
FLKR Franklin FTSE South Korea ETF -7.44%
KMCA PLUS Korea Manufacturing Core Alliance Index ETF -6.44%
MKOR Matthews Korea Active ETF -6.23%

Analyzing the Weekly Flows

The channel attracted $16,581M in net inflows over the week, led overwhelmingly by Asia-Pacific funds, which gathered $14,384M and now hold $186.23B in AUM. Latin America also saw healthy inflows of $2,179M, supported by Brazil’s strong price performance, while North America added a modest $109M. Eurozone funds were the lone outflow category at -$90M for the week, a reversal from its positive 30-day and YTD trends, and Africa-Middle East flows were essentially flat. The scale of Asia-Pacific’s inflow dominates the channel total, suggesting a single large allocation event within the region.

Region Flows Summary

Region Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Asia-Pacific 112 $186.23B $14,384M $12,385M $21,161M $31,070M $34,815M
Latin America 15 $21.60B $2,179M $2,278M $1,139M $4,778M $5,423M
North America 3 $18.85B $109M $788M $1,589M $3,792M $4,039M
Africa-Middle East 12 $2.83B $0M -$49M -$164M $289M $400M
Eurozone 55 $85.39B -$90M $1,638M $3,466M $4,235M $9,358M

Top & Bottom 5 ETFs by 5-Day Flow

WisdomTree Japan Hedged Equity Fund (DXJ) was the standout inflow story, pulling in $14,160M for the week and accounting for the vast majority of the Asia-Pacific region’s gain. iShares MSCI Brazil ETF (EWZ) added $2,304M, aligning with the region’s strong price performance. On the outflow side, Vanguard FTSE Europe ETF (VGK) led redemptions at -$112M, followed by iShares Latin America 40 ETF (ILF) at -$87M. These outflows were modest relative to the channel’s overall inflow total, reinforcing the concentrated nature of this week’s flow activity.

Ticker Fund Name 5-Day Flow
Inflows
DXJ WisdomTree Japan Hedged Equity Fund $14,160M
EWZ iShares MSCI Brazil ETF $2,304M
FLJP Franklin FTSE Japan ETF $127M
BBCA JPMorgan BetaBuilders Canada ETF $86M
EWJ iShares MSCI Japan ETF $74M
Outflows
VGK Vanguard FTSE Europe ETF -$112M
ILF iShares Latin America 40 ETF -$87M
EWW iShares MSCI Mexico ETF -$79M
CQQQ Invesco China Technology ETF -$62M
EWG iShares MSCI Germany ETF -$62M

Issuer League Table Update

iShares remains the dominant issuer in the channel with $164.62B in AUM and a 52.28% market share across 64 funds, followed by JPMorgan at 14.53% share and $45.75B in AUM. WisdomTree led weekly inflows by a wide margin, gathering $14,160M, almost entirely attributable to DXJ’s single-week surge. iShares also posted strong inflows of $2,232M, reflecting broad demand across its lineup. Vanguard recorded the largest weekly outflow among issuers at -$93M, followed by Invesco at -$65M, though both figures were small relative to the channel’s overall net inflow.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 64 $164.62B 52.28%
JPMorgan 5 $45.75B 14.53%
Vanguard 2 $37.89B 12.03%
WisdomTree 10 $26.41B 8.39%
Franklin 18 $17.02B 5.40%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
WisdomTree $14,160M
iShares $2,232M
Franklin $196M
Outflows
Vanguard -$93M
Invesco -$65M
State Street -$25M

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.