Weekly Channel Summary
The Size & Style – Global Ex-U.S. channel closed the week with roughly $1,908.95B in AUM spread across 361 ETFs from 107 issuers. Net flows were positive at $5,443M for the 5-day period, extending a strong run that has produced $232,190M in YTD inflows and $291,762M over the trailing year. The channel continues to attract steady capital despite a broadly negative week for prices across its underlying categories.
This Week’s Performance Leaders and Laggards
On a WTD basis, every major category in the channel posted losses, led down by Global Ex-U.S. Small | Mid Cap (-1.84%) and Emerging Small | Mid Cap (-1.66%), while Emerging Large Cap also lagged at -1.57%. Global Ex-U.S. Large Cap – Value held up best among sizable categories, limiting its decline to -0.54% and remaining the strongest performer on a YTD basis at 15.15%. Global Ex-U.S. Large Cap – Blend, the channel’s largest category by fund count, fell -0.85% WTD but still shows YTD gains of 10.39%. Growth-oriented large caps lagged peers both WTD (-1.01%) and YTD (6.78%), underscoring a value-over-growth tilt within the channel this year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Value | -0.54% | -1.13% | 1.05% | 5.36% | 15.15% | 22.81% |
| Global Ex-U.S. Large Cap – Blend | -0.85% | -2.93% | -0.52% | 2.73% | 10.39% | 14.13% |
| Global Ex-U.S. Large Cap – Growth | -1.01% | -2.87% | -0.87% | 2.50% | 6.78% | 8.52% |
| Emerging Large Cap | -1.57% | -6.86% | -2.59% | 0.09% | 12.45% | 13.80% |
| Emerging Small | Mid Cap | -1.66% | -3.78% | -0.43% | -2.96% | 7.86% | 8.71% |
| Global Ex-U.S. Small | Mid Cap | -1.84% | -4.00% | 1.12% | 0.90% | 9.82% | 14.20% |
| Global Large Cap – Value | — | — | — | — | — | — |
Top & Bottom 5 ETFs by Weekly Performance
Dividend- and quality-oriented strategies outperformed amid the broader weekly pullback, with ProShares MSCI EAFE Dividend Growers ETF (EFAD) leading all funds at +2.27% WTD, followed by GMO International Quality ETF (QLTI) at +1.85%. Invesco International Dividend Achievers ETF (PID) and iShares MSCI EAFE Min Vol Factor ETF (EFAV) also posted gains above 1.5%. On the downside, momentum-focused funds were hit hardest, with Davis Select International ETF (DINT) and Alpha Architect International Quantitative Momentum ETF (IMOM) each declining more than 4%. The spread between top and bottom performers exceeded 6 percentage points, highlighting a sharp factor rotation away from momentum this week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EFAD | ProShares MSCI EAFE Dividend Growers ETF | 2.27% |
| QLTI | GMO International Quality ETF | 1.85% |
| PID | Invesco International Dividend Achievers ETF | 1.64% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 1.53% |
| TLCI | Touchstone International Equity ETF | 1.51% |
| Bottom Performers | ||
| DINT | Davis Select International ETF | -4.13% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | -4.09% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | -3.74% |
| XUSM | MarketDesk International Momentum ETF | -3.64% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | -3.62% |
Analyzing the Weekly Flows
The channel gathered $5,443M in net new assets over the past five days, with Global Ex-U.S. Large Cap – Blend absorbing the lion’s share at $2,760M, consistent with its dominant position in the channel’s AUM base. Emerging Large Cap followed with $1,719M of inflows, while Global Ex-U.S. Large Cap – Value added $537M. Global Ex-U.S. Small | Mid Cap and Global Ex-U.S. Large Cap – Growth each saw modest positive flows, whereas Emerging Small | Mid Cap took in just $7M, the weakest showing among active categories. No category registered meaningful net outflows for the week, a signal of broad-based demand despite negative price action.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 135 | $1,164.80B | $2,760M | $18,355M | $43,787M | $138,313M | $172,738M |
| Emerging Large Cap | 108 | $461.90B | $1,719M | $2,522M | $12,713M | $56,606M | $72,331M |
| Global Ex-U.S. Large Cap – Value | 56 | $154.76B | $537M | $1,508M | $8,999M | $23,742M | $27,732M |
| Global Ex-U.S. Small | Mid Cap | 23 | $68.81B | $306M | $927M | $608M | $4,332M | $8,955M |
| Global Ex-U.S. Large Cap – Growth | 32 | $48.84B | $113M | -$618M | -$106M | $9,440M | $10,258M |
| Emerging Small | Mid Cap | 6 | $3.05B | $7M | $7M | -$76M | -$244M | -$253M |
| Global Large Cap – Value | 1 | $6.78B | $0M | $0M | $0M | $0M | $0M |
Top & Bottom 5 ETFs by 5-Day Flow
iShares MSCI Emerging Markets ex China ETF (EMXC) led all funds with $1,455M in weekly inflows, followed by Vanguard Total International Stock ETF (VXUS) at $918M. On the outflow side, iShares MSCI EAFE Value ETF (EFV) saw the largest redemptions at -$95M, while Dimensional International Small Cap Value ETF (DISV) shed -$75M. These outflows were modest relative to the scale of inflows elsewhere in the channel, reinforcing the net positive flow picture for the week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| EMXC | iShares MSCI Emerging Markets ex China ETF | $1,455M |
| VXUS | Vanguard Total International Stock ETF | $918M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $388M |
| AVDV | Avantis International Small Cap Value ETF | $304M |
| VEA | Vanguard FTSE Developed Markets ETF | $223M |
| Outflows | ||
| EFV | iShares MSCI EAFE Value ETF | -$95M |
| DISV | Dimensional International Small Cap Value ETF | -$75M |
| IQLT | iShares MSCI Intl Quality Factor ETF | -$46M |
| VIGI | Vanguard International Dividend Appreciation ETF | -$24M |
| TPIF | Timothy Plan International ETF | -$22M |
Issuer League Table Update
iShares remains the dominant issuer in the channel with $725.65B in AUM and a 38.01% share, followed by Vanguard at $623.07B and 32.64% share; together the two firms control over 70% of channel assets. iShares also led weekly inflows at $2,337M, with Vanguard close behind at $1,261M and Avantis adding $588M. On the outflow side, Timothy Plan was the only issuer with a notable net redemption, losing $22M for the week, a figure that is minor relative to the scale of channel-wide inflows. The concentration of flows among the largest issuers suggests continued investor preference for established, scaled providers in this channel.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 43 | $725.65B | 38.01% |
| Vanguard | 11 | $623.07B | 32.64% |
| Schwab | 7 | $126.23B | 6.61% |
| Dimensional | 15 | $109.21B | 5.72% |
| Avantis | 12 | $72.07B | 3.78% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $2,337M |
| Vanguard | $1,261M |
| Avantis | $588M |
| Outflows | |
| Timothy | -$22M |
| State Street | -$7M |
| Harding Loevner | -$3M |
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.
