Weekly Channel Summary
The Global Ex-U.S. Size & Style channel represents $1.85 trillion in assets under management across 345 ETFs from 97 different issuers. Investors continued to allocate capital to this space, adding a net $3.86 billion over the past week. Year-to-date inflows now stand at a robust $152.3 billion, contributing to a one-year total of $261.1 billion in new assets.
This Week’s Performance Leaders and Laggards
Developed markets led performance this week, with Global Ex-U.S. Large Cap Value funds gaining 1.36%. In contrast, Emerging Large Cap was the only category to post a loss, declining by 1.00%. Despite the weekly pullback, Emerging Large Cap funds maintain a significant performance lead year-to-date, up 17.41%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Value | 1.36% | -0.83% | 5.60% | 11.48% | 12.79% | 29.29% |
| Global Ex-U.S. Large Cap – Growth | 1.28% | 0.24% | 10.62% | 8.90% | 10.23% | 17.68% |
| Global Ex-U.S. Small | Mid Cap | 1.17% | -2.50% | 5.57% | 8.99% | 9.94% | 24.22% |
| Global Ex-U.S. Large Cap – Blend | 0.94% | -0.73% | 9.23% | 11.16% | 12.51% | 24.60% |
| Emerging Small | Mid Cap | 0.62% | -2.54% | 8.84% | 11.92% | 12.93% | 19.43% |
| Emerging Large Cap | -1.00% | -5.37% | 14.03% | 14.65% | 17.41% | 32.34% |
Top & Bottom 5 ETFs by Weekly Performance
The VanEck Morningstar International Moat ETF (MOTI) was the week’s top-performing fund, climbing 4.01%. This performance contrasted sharply with the struggles in emerging markets, exemplified by the Invesco S&P Emerging Markets Momentum ETF (EEMO), which fell 6.98%. The performance spread between the leading and lagging funds highlights the divergence between developed and emerging market strategies during the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MOTI | VanEck Morningstar International Moat ETF | 4.01% |
| TLCI | Touchstone International Equity ETF | 2.89% |
| BGCG | Baillie Gifford International Concentrated Growth ETF | 2.69% |
| DTAN | Sparkline International Intangible Value ETF | 2.56% |
| TXUE | Thornburg International Equity ETF | 2.52% |
| Bottom Performers | ||
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -6.98% |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | -6.95% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | -4.82% |
| STXE | Strive Emerging Markets Ex-China ETF | -4.71% |
| FRDM | Freedom 100 Emerging Markets ETF | -4.64% |
Analyzing the Weekly Flows
Investors directed nearly $3.9 billion into the channel, with flows heavily concentrated in developed market large-cap strategies. The Global Ex-U.S. Large Cap Blend category attracted the lion’s share, pulling in over $2.7 billion. Conversely, Global Ex-U.S. Small & Mid Cap funds were the only group to experience net redemptions, shedding $184 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 127 | $1,122.19B | $2,716M | $16,637M | $37,816M | $87,411M | $157,810M |
| Global Ex-U.S. Large Cap – Value | 55 | $137.07B | $730M | -$680M | $1,053M | $10,568M | $17,908M |
| Emerging Large Cap | 105 | $471.89B | $426M | $3,097M | $7,709M | $40,127M | $64,709M |
| Global Ex-U.S. Large Cap – Growth | 29 | $49.66B | $169M | $1,010M | $2,703M | $9,184M | $8,388M |
| Emerging Small | Mid Cap | 7 | $3.33B | $3M | $5M | -$87M | -$112M | -$174M |
| Global Ex-U.S. Small | Mid Cap | 22 | $68.53B | -$184M | $1,100M | $1,777M | $5,110M | $12,411M |
Top & Bottom 5 ETFs by 5-Day Flow
The Vanguard Total International Stock ETF (VXUS) was the standout asset gatherer, attracting an impressive $1.55 billion in net new assets. On the other end of the spectrum, iShares funds saw the largest redemptions. The iShares MSCI EAFE Small-Cap ETF (SCZ) led outflows with a $379 million withdrawal, followed by the iShares MSCI EAFE ETF (EFA), which shed $249 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VXUS | Vanguard Total International Stock ETF | $1,549M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $354M |
| EFV | iShares MSCI EAFE Value ETF | $335M |
| AVEM | Avantis Emerging Markets Equity ETF | $265M |
| FNDF | Schwab Fundamental International Equity ETF | $143M |
| Outflows | ||
| SCZ | iShares MSCI EAFE Small-Cap ETF | -$379M |
| EFA | iShares MSCI EAFE ETF | -$249M |
| ICOW | Pacer Developed Markets International Cash Cows 100 ETF | -$142M |
| DIHP | Dimensional International High Profitability ETF | -$88M |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | -$53M |
Issuer League Table Update
iShares and Vanguard continue to dominate the channel, commanding 38.4% and 33.2% of the market share, respectively. Vanguard was the clear winner in the weekly flows race, bringing in $1.95 billion, largely driven by its flagship international fund. Pacer experienced the largest net outflows among all issuers, with investors pulling $126 million, while market leader iShares also saw net redemptions of $109 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $710.86B | 38.37% |
| Vanguard | 11 | $615.62B | 33.23% |
| Schwab | 7 | $122.71B | 6.62% |
| Dimensional | 15 | $103.31B | 5.58% |
| Avantis | 12 | $67.24B | 3.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,953M |
| Avantis | $368M |
| Schwab | $347M |
| Outflows | |
| Pacer | -$126M |
| iShares | -$109M |
| State Street | -$19M |
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.
