Weekly Channel Summary
The Global Ex-U.S. Size & Style channel encompasses 349 ETFs from 100 issuers, with a combined total of $1.96 trillion in assets under management. This week, the channel attracted a significant $5.24 billion in net inflows, contributing to a robust year-to-date total of $201.6 billion. Over the past twelve months, investors have allocated a cumulative $275.4 billion into these international strategies.
This Week’s Performance Leaders and Laggards
Performance was negative across all Global Ex-U.S. categories this week amid broader market declines. Global Ex-U.S. Large Cap – Value funds proved to be the most resilient segment, declining by a modest 0.96%. Conversely, Global Ex-U.S. Large Cap – Growth strategies experienced the largest drop, falling 1.62% for the week. Despite the weekly downturn, Emerging Large Cap funds maintain their leadership position for the year, boasting a 21.23% gain year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Value | -0.96% | 0.93% | 5.66% | 12.08% | 19.33% | 28.47% |
| Emerging Large Cap | -1.31% | 2.71% | 1.79% | 13.81% | 21.23% | 27.52% |
| Emerging Small | Mid Cap | -1.44% | 1.55% | 0.16% | 7.40% | 13.46% | 13.28% |
| Global Ex-U.S. Large Cap – Blend | -1.49% | -0.38% | 2.92% | 10.41% | 15.40% | 21.60% |
| Global Ex-U.S. Small | Mid Cap | -1.51% | 0.82% | 4.29% | 8.72% | 15.63% | 21.53% |
| Global Ex-U.S. Large Cap – Growth | -1.62% | -1.69% | 2.06% | 9.47% | 11.25% | 15.14% |
Top & Bottom 5 ETFs by Weekly Performance
A handful of funds managed to post gains against the broader negative trend for international equities. The AdvisorShares Dorsey Wright ADR ETF (AADR) led all performers with a 0.58% return for the week. On the other end of the spectrum, the VanEck Morningstar International Moat ETF (MOTI) was the week’s worst performer, shedding 3.79%. It was followed closely by the Baillie Gifford International Concentrated Growth ETF (BGCG), which registered a loss of 3.64%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| AADR | AdvisorShares Dorsey Wright ADR ETF | 0.58% |
| GVAL | Cambria Global Value ETF | 0.44% |
| CGXU | Capital Group International Focus Equity ETF | 0.17% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 0.12% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 0.09% |
| Bottom Performers | ||
| MOTI | VanEck Morningstar International Moat ETF | -3.79% |
| BGCG | Baillie Gifford International Concentrated Growth ETF | -3.64% |
| IDHQ | Invesco S&P International Developed High Quality ETF | -3.17% |
| QLTI | GMO International Quality ETF | -3.15% |
| DINT | Davis Select International ETF | -3.02% |
Analyzing the Weekly Flows
Investors poured a net $5.24 billion into the Global Ex-U.S. channel this week, with every category recording positive flows. Global Ex-U.S. Large Cap – Blend funds were the primary destination for new capital, attracting nearly $3.0 billion. Emerging Large Cap strategies also saw significant demand from investors, pulling in another $1.4 billion in net new assets. Global Ex-U.S. Large Cap – Value funds rounded out the top three with a respectable $650 million inflow.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 130 | $1,179.47B | $2,988M | $12,345M | $40,238M | $112,878M | $159,634M |
| Emerging Large Cap | 105 | $494.66B | $1,401M | $5,389M | $16,822M | $53,695M | $73,703M |
| Global Ex-U.S. Large Cap – Value | 56 | $157.64B | $650M | $3,747M | $12,578M | $21,610M | $25,930M |
| Global Ex-U.S. Large Cap – Growth | 28 | $51.10B | $111M | $392M | $1,637M | $10,195M | $8,009M |
| Global Ex-U.S. Small | Mid Cap | 23 | $70.86B | $67M | $279M | -$1,336M | $3,374M | $8,320M |
| Emerging Small | Mid Cap | 7 | $3.30B | $21M | -$51M | -$58M | -$171M | -$180M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, two products dominated inflows, each gathering over a billion dollars in new capital. The Vanguard Total International Stock ETF (VXUS) led all funds with $1.2 billion in new assets, closely followed by the iShares Core MSCI EAFE ETF (IEFA) which added $1.08 billion. In contrast, the Vanguard FTSE All-World ex-US Index Fund (VEU) experienced the largest redemptions of the week, shedding $219 million. The Dimensional International Small Cap Value ETF (DISV) saw the second-largest outflow at $99 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VXUS | Vanguard Total International Stock ETF | $1,198M |
| IEFA | iShares Core MSCI EAFE ETF | $1,080M |
| IEMG | iShares Core MSCI Emerging Markets ETF | $501M |
| AVEM | Avantis Emerging Markets Equity ETF | $408M |
| AVDV | Avantis International Small Cap Value ETF | $266M |
| Outflows | ||
| VEU | Vanguard FTSE All-World ex-US Index Fund | -$219M |
| DISV | Dimensional International Small Cap Value ETF | -$99M |
| DFIS | Dimensional International Small Cap ETF | -$98M |
| IXUS | iShares Core MSCI Total International Stock ETF | -$87M |
| QINT | American Century Quality Diversified International ETF | -$47M |
Issuer League Table Update
iShares and Vanguard continue to command the majority of the market in this channel, holding 38.01% and 33.02% of assets, respectively. This week, iShares led all issuers in asset gathering, attracting just over $2.0 billion in net inflows. Vanguard also had a strong week, bringing in $1.2 billion, while Avantis secured the third spot with $977 million in new assets. On the other side of the ledger, American Century recorded the largest net outflows among issuers, with investors pulling $47 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $743.84B | 38.01% |
| Vanguard | 11 | $646.21B | 33.02% |
| Schwab | 7 | $130.78B | 6.68% |
| Dimensional | 15 | $111.93B | 5.72% |
| Avantis | 12 | $74.24B | 3.79% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $2,010M |
| Vanguard | $1,218M |
| Avantis | $977M |
| Outflows | |
| American Century | -$47M |
| State Street | -$39M |
| WisdomTree | -$34M |
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.
