South Korea ETF EWY Sheds $333M as Region & Country ETFs See Flat Flows

Share

Weekly Channel Summary

The Region & Country ETF channel encompasses 194 funds from 38 issuers, with total assets under management standing at $304.7 billion. The channel experienced minimal net inflows of $23 million for the week, a stark contrast to the significant asset gathering seen year-to-date. So far in 2026, investors have added $26.9 billion to these funds, contributing to a one-year total of $37.2 billion in net new assets.

This Week’s Performance Leaders and Laggards

Regional performance was broadly negative this past week, with Latin America being the only exception by finishing flat. North America-focused funds saw the largest decline, falling 2.35%, while Eurozone strategies dropped by 1.70%. Despite a weekly loss of 1.14%, the Asia-Pacific region remains the standout performer year-to-date, boasting a substantial gain of 32.65%.

Region Performance Snapshot

Region WTD 1 Month 3 Month 6 Month YTD 1 Year
Latin America 0.00% 8.05% 6.96% 3.33% 18.29% 31.65%
Asia-Pacific -1.14% 2.61% 2.49% 18.28% 32.65% 44.84%
Africa-Middle East -1.36% 1.09% 0.87% 3.10% 7.55% 18.09%
Eurozone -1.70% -2.28% 2.28% 9.17% 10.33% 17.68%
North America -2.35% -1.52% 4.14% 8.15% 13.03% 23.07%

Top & Bottom 5 ETFs by Weekly Performance

The iShares MSCI Turkey ETF (TUR) delivered the best return of the week, climbing 3.08%. On the other end of the spectrum, the China AI Tigers LLM ETF (TGRZ) plummeted 27.37%, marking a difficult week for the fund. Several other China-focused technology funds, including the KraneShares Hang Seng TECH Index ETF (KTEC) and KraneShares CSI China Internet ETF (KWEB), also ranked among the bottom performers.

Ticker Fund Name WTD Performance
Top Performers
TUR iShares MSCI Turkey ETF 3.08%
COLO Global X MSCI Colombia ETF 2.76%
UAE iShares MSCI UAE ETF 2.16%
KSMH xETFs Korea AI Semiconductor ETF 2.07%
FLBR Franklin FTSE Brazil ETF 1.72%
Bottom Performers
TGRZ China AI Tigers LLM ETF -27.37%
KURE KraneShares MSCI All China Health Care Index ETF -6.14%
KTEC KraneShares Hang Seng TECH Index ETF -6.04%
MAGC Roundhill China Magnificent Seven ETF -5.68%
KWEB KraneShares CSI China Internet ETF -5.57%

Analyzing the Weekly Flows

Investor sentiment was mixed across regions, resulting in nearly flat net flows of just $23 million for the channel. Eurozone funds led demand, attracting $231 million in new capital, followed by North America which added $93 million. These inflows were almost entirely offset by significant redemptions from Asia-Pacific funds, which saw net outflows of $282 million for the week.

Region Flows Summary

Region Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Eurozone 55 $87.96B $231M $511M $3,176M $2,760M $6,371M
North America 3 $18.74B $93M $481M $1,099M $3,011M $3,352M
Latin America 15 $18.33B -$2M -$965M -$1,794M $2,485M $3,712M
Africa-Middle East 12 $3.02B -$18M -$42M -$188M $338M $639M
Asia-Pacific 109 $176.68B -$282M $111M $8,038M $18,339M $23,158M

Top & Bottom 5 ETFs by 5-Day Flow

At the fund level, the iShares MSCI All Country Asia ex Japan ETF (AAXJ) gathered the most assets with $96 million in net inflows. However, outflows were more pronounced, led by a $333 million withdrawal from the iShares MSCI South Korea ETF (EWY). The WisdomTree Japan Hedged Equity Fund (DXJ) also experienced a notable redemption of $152 million.

Ticker Fund Name 5-Day Flow
Inflows
AAXJ iShares MSCI All Country Asia ex Japan ETF $96M
EWC iShares MSCI Canada ETF $93M
ENOR iShares MSCI Norway ETF $90M
EWJ iShares MSCI Japan ETF $73M
BBJP JPMorgan BetaBuilders Japan ETF $63M
Outflows
EWY iShares MSCI South Korea ETF -$333M
DXJ WisdomTree Japan Hedged Equity Fund -$152M
EWA iShares MSCI Australia ETF -$52M
KWEB KraneShares CSI China Internet ETF -$51M
AIA iShares Asia 50 ETF -$50M

Issuer League Table Update

iShares maintains its commanding lead in the Region & Country channel with a 54.19% market share, while JPMorgan holds the second position at 15.27%. This week, JPMorgan was the top asset gatherer among issuers, securing $63 million in net inflows. In contrast, KraneShares saw the largest net outflows at $51 million, followed closely by WisdomTree which shed $42 million.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 64 $165.12B 54.19%
JPMorgan 5 $46.54B 15.27%
Vanguard 2 $39.06B 12.82%
Franklin 18 $16.19B 5.31%
WisdomTree 10 $12.62B 4.14%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
JPMorgan $63M
Vanguard $60M
Franklin $52M
Outflows
KraneShares -$51M
WisdomTree -$42M
iShares -$39M

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.