Korea Semiconductor Surge Powers Asia-Pacific as Eurozone Leads Flows

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Weekly Channel Summary

The Region & Country channel closed the week with $301.57B in total AUM spread across 196 ETFs from 39 issuers. Weekly net flows were positive at $1,103M, extending a strong 2026 with YTD inflows of $26,817M and 1-Year inflows of $37,167M. The channel continues to attract steady capital across most of the year, though weekly flow leadership has recently shifted away from its largest region by assets.

This Week’s Performance Leaders and Laggards

Asia-Pacific led all regions on the week with a 1.18% gain, building on an exceptional 32.79% YTD return and 44.17% over the trailing year, powered largely by Korean semiconductor exposure. Eurozone followed with a modest 0.51% weekly advance despite a rough 1-month stretch of -4.29%, still holding a solid 8.98% YTD gain. Latin America was the weakest performer for the week at -1.43%, though it remains up 14.40% YTD, while Africa-Middle East and North America also posted negative weekly returns of -1.13% and -0.95%, respectively. At the fund level, KCHP topped the list with a 9.03% weekly gain, while TGRZ lagged sharply at -15.69%.

Region Performance Snapshot

Region WTD 1 Month 3 Month 6 Month YTD 1 Year
Asia-Pacific 1.18% 1.20% 1.56% 20.98% 32.79% 44.17%
Eurozone 0.51% -4.29% 1.42% 10.82% 8.98% 17.81%
North America -0.95% -4.78% 3.43% 10.01% 11.26% 20.87%
Africa-Middle East -1.13% -2.36% 2.48% 3.05% 6.08% 15.62%
Latin America -1.43% -0.24% 4.98% 0.46% 14.40% 25.50%

Top & Bottom 5 ETFs by Weekly Performance

Korea-focused funds dominated the top performers list, with KCHP gaining 9.03% and KSMH adding 7.43%, alongside MKOR up 5.03%, reflecting strong momentum in semiconductor and AI-related Korean equities. Taiwan exposure also performed well, with FLTW rising 3.53%. On the downside, TGRZ fell 15.69%, far outpacing declines in ARGT (-4.14%) and Indonesia-focused funds EIDO and IDX. The spread between top and bottom performers underscores continued divergence between Northeast Asian tech-driven markets and select emerging economies.

Ticker Fund Name WTD Performance
Top Performers
KCHP KICK Korea Semiconductor Index ETF 9.03%
KSMH xETFs Korea AI Semiconductor ETF 7.43%
MKOR Matthews Korea Active ETF 5.03%
FLTW Franklin FTSE Taiwan ETF 3.53%
FLKR Franklin FTSE South Korea ETF 3.27%
Bottom Performers
TGRZ China AI Tigers LLM ETF -15.69%
ARGT Global X MSCI Argentina ETF -4.14%
EIDO iShares MSCI Indonesia ETF -3.77%
IDX VanEck Indonesia Index ETF -3.18%
EDEN iShares MSCI Denmark ETF -3.08%

Analyzing the Weekly Flows

The channel gathered $1,103M in net inflows over the past five days, led decisively by Eurozone funds at $1,235M and North America at $364M, both of which continue to draw steady capital YTD. Latin America added a modest $50M, while Africa-Middle East saw outflows of -$48M. Asia-Pacific, despite its dominant YTD and 1-Year flow totals of $16,650M and $20,869M respectively, registered a weekly outflow of -$498M, suggesting some near-term profit-taking following its strong performance run.

Region Flows Summary

Region Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Eurozone 55 $87.86B $1,235M $1,387M $3,674M $3,829M $8,333M
North America 3 $18.96B $364M $563M $1,282M $3,483M $3,773M
Latin America 15 $17.66B $50M $205M -$1,487M $2,566M $3,619M
Africa-Middle East 12 $2.94B -$48M -$70M -$236M $290M $573M
Asia-Pacific 111 $174.15B -$498M -$1,936M $4,976M $16,650M $20,869M

Top & Bottom 5 ETFs by 5-Day Flow

FLTW led all funds with $607M in weekly inflows, followed by EWL at $371M and EWC at $255M, reflecting broad demand for European and Canadian exposure. On the outflow side, EWY saw the largest redemptions at -$506M, followed by INDA at -$267M, marking a notable pullback from South Korean and Indian single-country funds even as Korean equities outperformed on price.

Ticker Fund Name 5-Day Flow
Inflows
FLTW Franklin FTSE Taiwan ETF $607M
EWL iShares MSCI Switzerland ETF $371M
EWC iShares MSCI Canada ETF $255M
EWD iShares MSCI Sweden ETF $228M
EWP iShares MSCI Spain ETF $186M
Outflows
EWY iShares MSCI South Korea ETF -$506M
INDA iShares MSCI India ETF -$267M
BBJP JPMorgan BetaBuilders Japan ETF -$103M
EWW iShares MSCI Mexico ETF -$88M
CQQQ Invesco China Technology ETF -$73M

Issuer League Table Update

iShares remains the dominant issuer in the channel with $163.55B in AUM and a 54.23% market share, followed by JPMorgan at 15.21% with $45.88B. iShares also led weekly inflows at $598M, closely trailed by Franklin at $579M, largely on the strength of its Taiwan-focused fund. Vanguard added a further $83M for the week. On the outflow side, Invesco posted the largest weekly redemptions at -$75M, followed by WisdomTree at -$56M and Xtrackers at -$49M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 64 $163.55B 54.23%
JPMorgan 5 $45.88B 15.21%
Vanguard 2 $38.64B 12.81%
Franklin 18 $16.66B 5.52%
WisdomTree 10 $12.39B 4.11%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
iShares $598M
Franklin $579M
Vanguard $83M
Outflows
Invesco -$75M
WisdomTree -$56M
Xtrackers -$49M

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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.