Weekly Channel Summary
The Size & Style – Global Ex-U.S. channel holds $1,955.37B in assets across 353 ETFs from 103 issuers. The channel attracted $3,207M in net inflows over the trailing five days, bringing YTD net flows to $204,786M and 1-Year net flows to $274,288M. These figures underscore sustained investor demand for international equity exposure over both the near and long term.
This Week’s Performance Leaders and Laggards
Every category in the channel posted negative returns on the week, led lower by Global Ex-U.S. Large Cap – Value at -1.67% WTD, while Global Ex-U.S. Small | Mid Cap held up best at -0.73%. Emerging Large Cap and Emerging Small | Mid Cap also declined, down 0.87% and 0.77% respectively, despite strong YTD gains of 20.14% and 12.60%. Global Ex-U.S. Large Cap – Value remains the standout over longer horizons, up 17.34% YTD and 27.04% over the past year, the best 1-Year return in the channel. Global Ex-U.S. Large Cap – Growth lagged on a YTD basis at 9.87%, the weakest of the six categories tracked.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Small | Mid Cap | -0.73% | 0.42% | 3.06% | 11.08% | 14.79% | 20.52% |
| Emerging Small | Mid Cap | -0.77% | 1.62% | -3.06% | 8.73% | 12.60% | 11.64% |
| Emerging Large Cap | -0.87% | 2.23% | -3.19% | 15.37% | 20.14% | 24.59% |
| Global Ex-U.S. Large Cap – Growth | -1.23% | -2.03% | -1.48% | 11.21% | 9.87% | 13.22% |
| Global Ex-U.S. Large Cap – Blend | -1.42% | -1.23% | -0.19% | 11.43% | 13.76% | 19.62% |
| Global Ex-U.S. Large Cap – Value | -1.67% | -0.50% | 4.05% | 11.96% | 17.34% | 27.04% |
Top & Bottom 5 ETFs by Weekly Performance
Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) led all funds with a 1.32% weekly gain, followed by Rayliant NxtGen Multifactor Emerging Markets Equity ETF (RWEM) at 0.87%. On the downside, Sophus Capital Emerging Market Small Cap ETF (EMSC) fell 3.96%, the steepest decline in the channel, with sister fund Sophus Capital Emerging Market ETF (EMEM) close behind at -3.45%. The spread between top and bottom performers exceeded 5 percentage points, reflecting notable dispersion within emerging markets strategies despite the category’s negative aggregate weekly return.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 1.32% |
| RWEM | Rayliant NxtGen Multifactor Emerging Markets Equity ETF | 0.87% |
| BCIL | Bancreek International Large Cap ETF | 0.60% |
| HSCZ | iShares Currency Hedged MSCI EAFE Small-Cap ETF | 0.42% |
| ASCI | Abrdn International Small Cap Active ETF | 0.36% |
| Bottom Performers | ||
| EMSC | Sophus Capital Emerging Market Small Cap ETF | -3.96% |
| EMEM | Sophus Capital Emerging Market ETF | -3.45% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -2.44% |
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | -2.40% |
| ROAM | Hartford Multifactor Emerging Markets ETF | -2.38% |
Analyzing the Weekly Flows
The channel generated $3,207M in net inflows over the past five trading days, with Global Ex-U.S. Large Cap – Blend capturing the lion’s share at $1,541M, consistent with its dominant $114,419M YTD flow total. Global Ex-U.S. Large Cap – Value added a further $1,081M, while Global Ex-U.S. Small | Mid Cap gathered $447M. Emerging Small | Mid Cap was the sole category to see outflows, shedding $26M for the week, a modest figure against its larger peers. Emerging Large Cap flows moderated to just $146M for the week despite a robust $53,841M YTD total, suggesting a near-term pause rather than a reversal in demand.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 131 | $1,181.06B | $1,541M | $11,846M | $34,990M | $114,419M | $159,218M |
| Global Ex-U.S. Large Cap – Value | 56 | $158.75B | $1,081M | $3,312M | $12,999M | $22,692M | $26,928M |
| Global Ex-U.S. Small | Mid Cap | 23 | $71.41B | $447M | $875M | -$1,350M | $3,821M | $7,604M |
| Emerging Large Cap | 106 | $489.85B | $146M | $4,263M | $15,629M | $53,841M | $71,489M |
| Global Ex-U.S. Large Cap – Growth | 30 | $51.10B | $17M | $342M | $1,482M | $10,212M | $9,309M |
| Emerging Small | Mid Cap | 7 | $3.20B | -$26M | -$52M | -$83M | -$198M | -$261M |
Top & Bottom 5 ETFs by 5-Day Flow
Schwab Fundamental International Equity ETF (FNDF) led all funds with $558M in weekly inflows, followed by iShares Core MSCI International Developed Markets ETF (IDEV) at $383M. On the outflow side, Avantis International Small Cap Value ETF (AVDV) led redemptions at $104M, followed by iShares MSCI EAFE Growth ETF (EFG) at $97M. These outflows were modest relative to the channel’s overall inflow total, indicating rotation within strategies rather than broad-based selling.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FNDF | Schwab Fundamental International Equity ETF | $558M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $383M |
| VXUS | Vanguard Total International Stock ETF | $227M |
| DFIV | Dimensional International Value ETF | $203M |
| SCHC | Schwab International Small-Cap Equity ETF | $196M |
| Outflows | ||
| AVDV | Avantis International Small Cap Value ETF | -$104M |
| EFG | iShares MSCI EAFE Growth ETF | -$97M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | -$71M |
| AVEM | Avantis Emerging Markets Equity ETF | -$67M |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | -$63M |
Issuer League Table Update
iShares remains the largest issuer in the channel with $744.62B in assets and a 38.08% market share, followed by Vanguard at $646.74B and 33.08%. Together these two issuers control more than 71% of channel assets. Schwab led weekly inflows among issuers with $865M, ahead of Dimensional at $710M and iShares at $421M. On the outflow side, Sophus experienced the largest weekly redemptions at $81M, followed by Avantis at $45M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $744.62B | 38.08% |
| Vanguard | 11 | $646.74B | 33.08% |
| Schwab | 7 | $130.23B | 6.66% |
| Dimensional | 15 | $110.96B | 5.67% |
| Avantis | 12 | $74.23B | 3.80% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Schwab | $865M |
| Dimensional | $710M |
| iShares | $421M |
| Outflows | |
| Sophus | -$81M |
| Avantis | -$45M |
| WisdomTree | -$36M |
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.
