Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, which currently comprises 94 issuers and 342 individual ETFs, experienced substantial momentum this week with total assets under management (AUM) holding strong at $1,879B. Investors directed a net $9.42B in new capital to the channel over the past five days, accelerating year-to-date inflows to a massive $141.12B and bringing trailing 1-year flows to $260.16B.
This Week’s Performance Leaders and Laggards
The Emerging Large Cap category led the channel this week with a remarkable 3.37% week-to-date return, pushing its year-to-date performance to an impressive 26.93%. Conversely, the Global Ex-U.S. Large Cap – Value segment was the primary laggard, dipping -0.32% for the week, though it maintains a solid 11.49% return year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Emerging Large Cap | 3.37% | 7.27% | 18.30% | 30.70% | 26.93% | 48.91% |
| Global Ex-U.S. Large Cap – Growth | 2.63% | 6.52% | 13.36% | 15.12% | 13.44% | 24.64% |
| Emerging Small | Mid Cap | 1.90% | 3.91% | 11.17% | 19.73% | 16.99% | 26.90% |
| Global Ex-U.S. Large Cap – Blend | 1.22% | 3.79% | 9.82% | 13.77% | 12.20% | 25.85% |
| Global Ex-U.S. Small | Mid Cap | -0.08% | 0.19% | 5.86% | 12.30% | 10.51% | 27.95% |
| Global Ex-U.S. Large Cap – Value | -0.32% | 1.18% | 6.46% | 13.03% | 11.49% | 28.91% |
Drilling down into individual funds, the Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF (EMEQ) posted the single best week-to-date return in the Emerging Markets segment at 9.74%. Meanwhile, the Renaissance International IPO ETF (IPOS) topped the Global Ex-U.S. list with an 8.15% surge. Conversely, the ALPS International Sector Dividend Dogs ETF (IDOG) and the Invesco International Dividend Achievers ETF (PID) were the two worst-performing overall ETFs this week, dropping -3.70% and -2.85%, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IPOS | Renaissance International IPO ETF | 8.15% |
| FPXI | First Trust International Equity Opportunities ETF | 8.01% |
| PJIO | PGIM Jennison International Opportunities ETF | 5.85% |
| UMMA | Wahed Dow Jones Islamic World ETF | 5.03% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 4.88% |
| Bottom Performers | ||
| FGD | First Trust Dow Jones Global Select Dividend Index Fund | -2.64% |
| IDV | iShares International Select Dividend ETF | -2.82% |
| FYLD | Cambria Foreign Shareholder Yield ETF | -2.82% |
| PID | Invesco International Dividend Achievers ETF | -2.85% |
| IDOG | ALPS International Sector Dividend Dogs ETF | -3.70% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | 9.74% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 8.55% |
| TEMX | Touchstone Sands Capital Emerging Markets ex-China Growth ETF | 7.55% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 6.95% |
| STXE | Strive Emerging Markets Ex-China ETF | 6.54% |
| Bottom Performers | ||
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | -0.24% |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | -0.87% |
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | -0.99% |
| BKF | iShares MSCI BIC ETF | -1.31% |
| DVYE | iShares Emerging Markets Dividend ETF | -2.21% |
Analyzing the Weekly Flows
The channel captured a strong $9.42B in total net inflows this week, heavily concentrated in the Global Ex-U.S. Large Cap – Blend category, which dominated by attracting $6,789M and currently oversees $1,133.3B in total AUM. The Emerging Large Cap category also experienced significant momentum, generating $1,339M in new weekly flows. The only area to experience withdrawals was the Emerging Small | Mid Cap segment, which saw mild outflows of -$1M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 124 | $1,133.3B | $6,789M | $16,539M | $34,772M | $79,428M | $154,811M |
| Emerging Large Cap | 104 | $481.6B | $1,339M | $1,636M | $7,029M | $38,214M | $66,858M |
| Global Ex-U.S. Large Cap – Value | 55 | $140.1B | $661M | -$2,982M | $418M | $9,693M | $17,817M |
| Global Ex-U.S. Small | Mid Cap | 21 | $70.9B | $443M | $1,521M | $2,290M | $5,153M | $12,634M |
| Global Ex-U.S. Large Cap – Growth | 27 | $49.9B | $172M | $1,403M | $2,629M | $8,733M | $8,214M |
| Emerging Small | Mid Cap | 7 | $3.4B | -$1M | -$31M | -$91M | -$114M | -$195M |
The iShares Core MSCI EAFE ETF (IEFA) led all Global Ex-U.S. ETFs in asset gathering with an immense $2,833M in weekly inflows, while the iShares MSCI Emerging Markets ex China ETF (EMXC) took the top spot in the Emerging Markets segment with $579M. On the negative side of the ledger, the iShares MSCI EAFE Value ETF (EFV) and the WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) experienced the heaviest overall outflows across the channel, losing -$217M and -$29M, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEFA | iShares Core MSCI EAFE ETF | $2,833M |
| EFA | iShares MSCI EAFE ETF | $811M |
| IXUS | iShares Core MSCI Total International Stock ETF | $704M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $417M |
| FNDF | Schwab Fundamental International Equity ETF | $371M |
| Outflows | ||
| DTH | WisdomTree International High Dividend Fund | -$14M |
| IQDG | WisdomTree International Quality Dividend Growth Fund | -$17M |
| GMOI | GMO International Value ETF | -$21M |
| IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | -$29M |
| EFV | iShares MSCI EAFE Value ETF | -$217M |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| EMXC | iShares MSCI Emerging Markets ex China ETF | $579M |
| VWO | Vanguard FTSE Emerging Markets ETF | $170M |
| IEMG | iShares Core MSCI Emerging Markets ETF | $152M |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | $104M |
| ESGE | iShares ESG Aware MSCI EM ETF | $72M |
| Outflows | ||
| EMM | Global X Emerging Markets ex-China ETF | -$3M |
| BKF | iShares MSCI BIC ETF | -$4M |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | -$5M |
| DVYE | iShares Emerging Markets Dividend ETF | -$10M |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | -$22M |
Issuer League Table Update
iShares and Vanguard firmly maintain their dominance atop the issuer league tables, commanding 38.39% and 33.05% of the channel’s total market share, respectively. iShares was the undeniable leader in asset gathering this week, taking in $6,587M in net inflows, whereas WisdomTree experienced the heaviest losses among the top issuers, shedding -$57M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $721.34B | 38.39% |
| Vanguard | 11 | $621.12B | 33.05% |
| Schwab | 7 | $125.76B | 6.69% |
| Dimensional | 15 | $105.07B | 5.59% |
| Avantis | 12 | $68.79B | 3.66% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $6,587M |
| Dimensional | $813M |
| Schwab | $420M |
| Outflows | |
| Xtrackers | -$13M |
| GMO | -$21M |
| WisdomTree | -$57M |
For a deeper dive into these trends, access our FREE, in-depth Global Ex-U.S. 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.
