Weekly Channel Summary
The Global Ex-U.S. Size & Style channel encompasses 346 ETFs from 99 issuers, with total assets under management standing at $1.96 trillion. This past week, the channel attracted over $3.7 billion in net new assets. These recent inflows contribute to a robust year-to-date total of $196.3 billion and a one-year total of $275.7 billion, signaling sustained investor interest in international equity exposures.
This Week’s Performance Leaders and Laggards
All Global Ex-U.S. categories posted gains this week, led by a strong showing from developing nations. The Emerging Large Cap category was the top performer, rising 1.93% and extending its year-to-date lead to an impressive 22.76%. On the other end of the spectrum, Global Ex-U.S. Large Cap – Growth funds lagged with a modest 0.33% weekly gain, also trailing other categories on a year-to-date basis.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Emerging Large Cap | 1.93% | 3.71% | 1.01% | 14.86% | 22.76% | 34.72% |
| Global Ex-U.S. Large Cap – Value | 1.45% | 2.28% | 6.44% | 11.13% | 20.46% | 32.37% |
| Emerging Small | Mid Cap | 1.19% | 4.05% | 0.25% | 8.60% | 15.11% | 18.35% |
| Global Ex-U.S. Large Cap – Blend | 0.82% | 1.81% | 3.80% | 9.72% | 17.14% | 26.45% |
| Global Ex-U.S. Small | Mid Cap | 0.72% | 4.21% | 4.12% | 7.81% | 17.38% | 26.81% |
| Global Ex-U.S. Large Cap – Growth | 0.33% | 1.02% | 2.85% | 8.49% | 12.99% | 19.69% |
Top & Bottom 5 ETFs by Weekly Performance
Performance among individual funds was widely dispersed, with several emerging market strategies posting standout returns. The First Trust Emerging Markets Human Flourishing ETF (FTHF) surged 5.75%, making it the week’s top-performing fund in the channel. Conversely, the Touchstone International Equity ETF (TLCI) was the weakest performer, declining by 1.75%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 5.75% |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | 4.07% |
| FRDM | Freedom 100 Emerging Markets ETF | 3.73% |
| RWEM | Rayliant NxtGen Multifactor Emerging Markets Equity ETF | 3.72% |
| EMCS | Xtrackers MSCI Emerging Markets Select ETF | 3.45% |
| Bottom Performers | ||
| TLCI | Touchstone International Equity ETF | -1.75% |
| MOTI | VanEck Morningstar International Moat ETF | -1.74% |
| IGGY | AB International Growth ETF | -1.74% |
| OSEA | Harbor International Compounders ETF | -1.47% |
| QLTI | GMO International Quality ETF | -1.22% |
Analyzing the Weekly Flows
Investors allocated over $3.7 billion to Global Ex-U.S. ETFs this week, with the vast majority directed towards large-cap strategies. The Global Ex-U.S. Large Cap – Blend category was the clear favorite, pulling in over $2.3 billion in fresh capital. Emerging Large Cap funds also saw significant interest, attracting $815 million, while the Emerging Small | Mid Cap category was the only segment to experience net redemptions, albeit a minor $9 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 128 | $1,183.26B | $2,305M | $11,088M | $38,511M | $109,884M | $160,004M |
| Emerging Large Cap | 104 | $491.36B | $815M | $5,210M | $15,345M | $52,294M | $73,487M |
| Global Ex-U.S. Large Cap – Value | 56 | $157.17B | $306M | $4,636M | $10,612M | $20,960M | $25,830M |
| Global Ex-U.S. Small | Mid Cap | 23 | $70.97B | $189M | -$39M | -$1,159M | $3,298M | $8,498M |
| Global Ex-U.S. Large Cap – Growth | 28 | $51.30B | $115M | $382M | $1,717M | $10,083M | $8,039M |
| Emerging Small | Mid Cap | 7 | $3.26B | -$9M | -$69M | -$76M | -$193M | -$201M |
Top & Bottom 5 ETFs by 5-Day Flow
Flows at the fund level were concentrated in broad, core international holdings. The iShares Core MSCI EAFE ETF (IEFA) led all funds, gathering $799 million in net inflows for the week. On the other side of the ledger, the Goldman Sachs ActiveBeta International Equity ETF (GSIE) experienced the largest redemption, shedding $241 million. The iShares Core MSCI Total International Stock ETF (IXUS) also saw notable outflows of $118 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEFA | iShares Core MSCI EAFE ETF | $799M |
| VXUS | Vanguard Total International Stock ETF | $598M |
| SCHF | Schwab International Equity ETF | $345M |
| IEMG | iShares Core MSCI Emerging Markets ETF | $294M |
| AVEM | Avantis Emerging Markets Equity ETF | $161M |
| Outflows | ||
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | -$241M |
| IXUS | iShares Core MSCI Total International Stock ETF | -$118M |
| SCZ | iShares MSCI EAFE Small-Cap ETF | -$103M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | -$72M |
| IQDF | Northern Trust International Quality Dividend ETF | -$50M |
Issuer League Table Update
The issuer landscape remains dominated by two major players, with iShares and Vanguard commanding 38.14% and 33.14% of the channel’s market share, respectively. This week, iShares also led in asset gathering, attracting over $1.01 billion in net new money across its fund lineup. In contrast, Goldman Sachs registered the largest net outflows among issuers, with investors pulling $236 million from its products.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $746.45B | 38.14% |
| Vanguard | 11 | $648.59B | 33.14% |
| Schwab | 7 | $129.83B | 6.63% |
| Dimensional | 15 | $110.57B | 5.65% |
| Avantis | 12 | $73.65B | 3.76% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $1,010M |
| Vanguard | $961M |
| Dimensional | $539M |
| Outflows | |
| Goldman Sachs | -$236M |
| Northern Trust | -$55M |
| Xtrackers | -$52M |
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.
