Weekly Channel Summary
The Region & Country ETF channel, comprising 191 funds from 37 issuers, holds a total of $303.60B in assets under management. The segment experienced modest net outflows of $124M over the past week, though it has attracted significant capital year-to-date. Investors have poured $26.8B into these ETFs so far in 2026, contributing to a total one-year inflow of $36.8B.
This Week’s Performance Leaders and Laggards
Latin America was the standout performer this week, delivering a 3.32% return for investors. This gain contrasts with its recent performance, as the category is still slightly down over the past one and three months. On the other end of the spectrum, the Asia-Pacific region was the sole category to finish in the red, declining by 1.18%. Despite the weekly loss, Asia-Pacific remains the top-performing region year-to-date with a commanding 28.84% gain.
Region Performance Snapshot
| Region | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Latin America | 3.32% | -0.03% | -1.15% | -6.64% | 12.56% | 34.62% |
| Africa-Middle East | 0.92% | 5.19% | 0.14% | -0.51% | 8.17% | 23.13% |
| North America | 0.20% | 5.59% | 7.18% | 10.00% | 16.36% | 33.26% |
| Eurozone | 0.19% | 4.44% | 6.12% | 5.39% | 13.30% | 21.58% |
| Asia-Pacific | -1.18% | 2.55% | 2.43% | 9.07% | 28.84% | 48.43% |
Top & Bottom 5 ETFs by Weekly Performance
Funds focused on African equities delivered strong results, with the iShares MSCI South Africa ETF (EZA) leading all funds with a 7.37% weekly gain. The VanEck Africa Index ETF (AFK) also posted a robust return of 6.99%. Conversely, Korean-focused thematic funds struggled, as the PLUS Korea Defense Industry Index ETF (KDEF) was the worst performer, falling 8.57% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EZA | iShares MSCI South Africa ETF | 7.37% |
| AFK | VanEck Africa Index ETF | 6.99% |
| EPU | iShares MSCI Peru and Global Exposure ETF | 5.99% |
| FLLA | Franklin FTSE Latin America ETF | 4.42% |
| EWH | iShares MSCI Hong Kong ETF | 4.29% |
| Bottom Performers | ||
| KDEF | PLUS Korea Defense Industry Index ETF | -8.57% |
| KMCA | PLUS Korea Manufacturing Core Alliance Index ETF | -6.32% |
| ITEQ | Amplify BlueStar Israel Technology ETF | -4.55% |
| NBJP | Neuberger Japan Equity ETF | -4.24% |
| SMHC | VanEck China Semiconductor ETF | -4.19% |
Analyzing the Weekly Flows
Despite the small net outflow of $124M from the channel, investor activity varied significantly by region. North America-focused funds led the way, attracting $316M in new assets, followed closely by the Asia-Pacific region with $239M in net inflows. These gains were more than offset by substantial redemptions from Latin America, which experienced net outflows of $658M. The Eurozone and Africa-Middle East regions saw minimal net flow changes for the week.
Region Flows Summary
| Region | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| North America | 3 | $19.11B | $316M | $680M | $1,446M | $2,919M | $3,293M |
| Asia-Pacific | 107 | $174.73B | $239M | $5,707M | $6,939M | $18,713M | $23,866M |
| Africa-Middle East | 11 | $3.05B | -$10M | -$75M | -$208M | $368M | $662M |
| Eurozone | 55 | $89.93B | -$11M | $1,107M | $3,139M | $2,433M | $5,427M |
| Latin America | 15 | $16.78B | -$658M | -$1,071M | -$2,983M | $2,361M | $3,583M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares MSCI Canada ETF (EWC) was the week’s clear favorite, single-handedly accounting for all of the North American region’s inflows by gathering $316M. On the other hand, outflows were concentrated in funds targeting Brazil and South Korea. The iShares MSCI Brazil ETF (EWZ) shed $459M, while the iShares MSCI South Korea ETF (EWY) saw $269M in redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| EWC | iShares MSCI Canada ETF | $316M |
| AIA | iShares Asia 50 ETF | $139M |
| EWT | iShares MSCI Taiwan ETF | $105M |
| EWJ | iShares MSCI Japan ETF | $100M |
| FLKR | Franklin FTSE South Korea ETF | $71M |
| Outflows | ||
| EWZ | iShares MSCI Brazil ETF | -$459M |
| EWY | iShares MSCI South Korea ETF | -$269M |
| ILF | iShares Latin America 40 ETF | -$143M |
| EWU | iShares MSCI United Kingdom ETF | -$72M |
| EWW | iShares MSCI Mexico ETF | -$52M |
Issuer League Table Update
iShares continues to dominate the Region & Country landscape, commanding a 53.75% market share, followed by JPMorgan with 15.30%. This week, Franklin was the top asset gatherer among issuers, securing $145M in net inflows. In contrast, market leader iShares experienced the largest outflows, with investors pulling a net $289M from its products.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 64 | $163.17B | 53.75% |
| JPMorgan | 5 | $46.44B | 15.30% |
| Vanguard | 2 | $39.59B | 13.04% |
| Franklin | 18 | $15.56B | 5.12% |
| WisdomTree | 10 | $12.74B | 4.20% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Franklin | $145M |
| JPMorgan | $25M |
| Goldman Sachs | $23M |
| Outflows | |
| iShares | -$289M |
| Invesco | -$25M |
| KraneShares | -$13M |
For a deeper dive into these trends, access our FREE, in-depth Region & Country 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.
