Weekly Channel Summary
The Size & Style – Global Ex-U.S. channel ended the week with $1,919.84B in total AUM spread across 358 ETFs from 105 issuers. Net flows totaled $4,521M for the five-day period, extending a robust YTD net inflow of $222,569M and a 1-Year net inflow of $286,770M. The channel continues to see steady accumulation across both developed and emerging market exposures, underscoring sustained investor appetite for international diversification.
This Week’s Performance Leaders and Laggards
Emerging Small | Mid Cap led all categories on the week with a 1.09% gain, standing out as the only group in positive territory, while Global Ex-U.S. Large Cap – Growth trailed with a -0.90% return. Global Ex-U.S. Large Cap – Value held up relatively well with a modest -0.20% decline, and its 14.22% YTD return remains among the strongest in the channel. Emerging Large Cap’s 19.83% YTD performance continues to lead longer-term results despite a -0.63% pullback this week. The broad dispersion between the top and bottom categories highlights continued volatility within emerging and small/mid-cap segments relative to large-cap developed exposures.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Emerging Small | Mid Cap | 1.09% | -0.83% | 0.83% | 4.56% | 13.79% | 14.88% |
| Global Ex-U.S. Large Cap – Value | -0.20% | -3.98% | 1.13% | 3.54% | 14.22% | 23.38% |
| Global Ex-U.S. Small | Mid Cap | -0.47% | -2.79% | 3.44% | 3.69% | 12.69% | 18.07% |
| Emerging Large Cap | -0.63% | -1.97% | 0.82% | 9.93% | 19.83% | 22.98% |
| Global Ex-U.S. Large Cap – Blend | -0.72% | -2.86% | -0.10% | 4.45% | 12.23% | 17.21% |
| Global Ex-U.S. Large Cap – Growth | -0.90% | -2.29% | -0.75% | 4.63% | 8.99% | 11.32% |
Top & Bottom 5 ETFs by Weekly Performance
FEMS topped the fund list with a 5.39% weekly gain, followed closely by SDEM at 4.76%, both reflecting strength in emerging market small-cap and dividend strategies. On the downside, EMEQ posted the weakest result at -3.72%, with PATN close behind at -3.17%. The spread between the best and worst performing funds exceeded nine percentage points, reinforcing the wide variance across individual emerging market strategies this week. These results align with the broader category trend favoring smaller-cap emerging market exposures over growth-oriented developed market funds.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | 5.39% |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 4.76% |
| BGCG | Baillie Gifford International Concentrated Growth ETF | 4.39% |
| DVYE | iShares Emerging Markets Dividend ETF | 3.70% |
| PQNT | Pictet AI Enhanced International Equity ETF | 3.44% |
| Bottom Performers | ||
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | -3.72% |
| PATN | Pacer Nasdaq International Patent Leaders ETF | -3.17% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -2.72% |
| FRDM | Freedom 100 Emerging Markets ETF | -2.70% |
| MEM | Matthews Emerging Markets Equity Active ETF | -2.39% |
Analyzing the Weekly Flows
The channel attracted $4,521M in net inflows over the past five trading days, with Global Ex-U.S. Large Cap – Blend capturing the lion’s share at $3,606M, consistent with its dominant $1,161.78B AUM base and $133,175M YTD inflow total. Emerging Large Cap added a further $487M, while Global Ex-U.S. Small | Mid Cap and Global Ex-U.S. Large Cap – Value each saw more modest gains of $229M and $132M, respectively. Emerging Small | Mid Cap was essentially flat on the week at $0M, trailing all other categories and showing negative YTD and 1-Year flow trends. The concentration of flows into blend-style, large-cap international exposure underscores continued investor preference for broad, diversified ex-U.S. allocations.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 134 | $1,161.78B | $3,606M | $21,277M | $44,073M | $133,175M | $171,243M |
| Emerging Large Cap | 107 | $486.23B | $487M | $554M | $13,440M | $53,985M | $70,213M |
| Global Ex-U.S. Small | Mid Cap | 23 | $68.69B | $229M | $506M | -$840M | $3,718M | $8,504M |
| Global Ex-U.S. Large Cap – Value | 56 | $151.10B | $132M | $985M | $10,660M | $22,684M | $26,959M |
| Global Ex-U.S. Large Cap – Growth | 31 | $48.87B | $66M | -$945M | -$55M | $9,252M | $10,102M |
| Emerging Small | Mid Cap | 7 | $3.17B | $0M | -$54M | -$164M | -$245M | -$251M |
Top & Bottom 5 ETFs by 5-Day Flow
IDEV led all funds with $1,110M in net inflows, followed by VXUS at $746M, both broad international blend funds reinforcing the category-level flow trend. On the outflow side, EFV led redemptions at -$94M, followed by SPEM at -$73M. The gap between the top inflow and top outflow funds illustrates continued investor rotation toward large, low-cost core international holdings rather than emerging market or value-tilted alternatives.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IDEV | iShares Core MSCI International Developed Markets ETF | $1,110M |
| VXUS | Vanguard Total International Stock ETF | $746M |
| EMXC | iShares MSCI Emerging Markets ex China ETF | $315M |
| EFA | iShares MSCI EAFE ETF | $312M |
| CORO | iShares International Country Rotation Active ETF | $233M |
| Outflows | ||
| EFV | iShares MSCI EAFE Value ETF | -$94M |
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | -$73M |
| GSID | Marketbeta INTL Equity ETF | -$67M |
| IQLT | iShares MSCI Intl Quality Factor ETF | -$45M |
| FPXI | First Trust International Equity Opportunities ETF | -$41M |
Issuer League Table Update
iShares remains the dominant issuer in this channel with $736.30B in AUM and a 38.35% share, followed by Vanguard at $631.35B and 32.89% share, together accounting for over 71% of total channel assets. iShares also led weekly inflows with $2,245M, more than double Vanguard’s $790M, while Avantis rounded out the top three inflow gatherers with $206M. On the outflow side, Goldman Sachs recorded the largest weekly redemptions at -$67M, well ahead of Columbia’s -$6M and ALPS’s -$5M. The continued dominance of the two largest issuers by both AUM and flows highlights the concentrated nature of this channel’s asset base.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 43 | $736.30B | 38.35% |
| Vanguard | 11 | $631.35B | 32.89% |
| Schwab | 7 | $126.46B | 6.59% |
| Dimensional | 15 | $107.84B | 5.62% |
| Avantis | 12 | $73.10B | 3.81% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $2,245M |
| Vanguard | $790M |
| Avantis | $206M |
| Outflows | |
| Goldman Sachs | -$67M |
| Columbia | -$6M |
| ALPS | -$5M |
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.
