Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel, comprising 327 ETFs across 89 brands, currently manages $1,681B in assets. Over the past week, the segment attracted a solid $5.78B in net new money, pushing Year-to-Date flows to $81.87B and 1-Year flows to an impressive $240.85B.
This Week’s Performance Leaders and Laggards
It was a broadly challenging week across the channel, with all categories posting negative Week-to-Date (WTD) returns. The Global Ex-U.S. Small | Mid Cap category held up the best, dropping -5.83% WTD, while maintaining a YTD gain of 6.21%. Conversely, Emerging Large Cap was the primary lagging category, declining -6.91% WTD, though it remains up 6.57% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Small | Mid Cap | -5.83% | -1.22% | 8.64% | 13.31% | 6.21% | 37.52% |
| Emerging Small | Mid Cap | -5.97% | -0.51% | 6.19% | 5.91% | 5.25% | 22.50% |
| Global Ex-U.S. Large Cap – Value | -6.16% | -2.44% | 7.95% | 13.78% | 5.27% | 31.78% |
| Global Ex-U.S. Large Cap – Growth | -6.35% | -2.88% | 3.08% | 7.45% | 1.66% | 18.31% |
| Global Ex-U.S. Large Cap – Blend | -6.49% | -2.78% | 5.27% | 10.09% | 3.16% | 23.78% |
| Emerging Large Cap | -6.91% | -1.59% | 8.28% | 16.74% | 6.57% | 34.24% |
Among individual funds, the Invesco International Dividend Achievers ETF (PID) was the best-performing Global Ex-U.S. ETF, declining just -3.19%. In the Emerging Markets segment, the iShares Emerging Markets Dividend ETF (DVYE) led the way with a -3.88% return. On the downside, the First Trust Emerging Markets Human Flourishing ETF (FTHF) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM) were the two worst-performing overall ETFs, tumbling -12.13% and -11.19%, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PID | Invesco International Dividend Achievers ETF | -3.19% |
| FYLD | Cambria Foreign Shareholder Yield ETF | -3.50% |
| PCIG | Polen Capital International Growth ETF | -3.62% |
| IFLO | VictoryShares International Free Cash Flow ETF | -3.73% |
| IPOS | Renaissance International IPO ETF | -3.77% |
| Bottom Performers | ||
| AADR | AdvisorShares Dorsey Wright ADR ETF | -9.24% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | -8.74% |
| IDVY | First Trust International Rising Dividend Achievers ETF | -8.42% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | -8.20% |
| UMMA | Wahed Dow Jones Islamic World ETF | -8.13% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DVYE | iShares Emerging Markets Dividend ETF | -3.88% |
| BKF | iShares MSCI BIC ETF | -3.99% |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | -4.29% |
| DEM | WisdomTree Emerging Markets High Dividend Fund | -4.44% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | -4.52% |
| Bottom Performers | ||
| FTHF | First Trust Emerging Markets Human Flourishing ETF | -12.13% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | -11.19% |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | -10.43% |
| FRDM | Freedom 100 Emerging Markets ETF | -10.36% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | -9.33% |
Analyzing the Weekly Flows
The channel garnered a total net flow of $5.78B this week. The Global Ex-U.S. Large Cap – Blend category received the vast majority of these inflows, taking in $4,439M to push its AUM to $1,024.1B. Emerging Large Cap also saw significant interest with $597M in weekly inflows, while the Emerging Small | Mid Cap category experienced a marginal outflow of -$1M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 121 | $1,024.1B | $4,439M | $19,551M | $56,302M | $36,937M | $137,484M |
| Emerging Large Cap | 101 | $414.9B | $597M | $10,525M | $38,361M | $32,061M | $65,224M |
| Global Ex-U.S. Large Cap – Value | 53 | $132.7B | $527M | $4,547M | $11,195M | $8,908M | $27,240M |
| Global Ex-U.S. Small | Mid Cap | 19 | $66.4B | $159M | $1,350M | $3,997M | $2,596M | $10,288M |
| Global Ex-U.S. Large Cap – Growth | 26 | $39.3B | $64M | $739M | $2,039M | $1,387M | $895M |
| Emerging Small | Mid Cap | 6 | $3.2B | -$1M | -$26M | -$57M | -$24M | -$286M |
The State Street SPDR Portfolio Developed World ex-US ETF (SPDW) was the top asset gatherer in the Global Ex-U.S. segment, pulling in $1,074M. In the Emerging Markets space, the iShares Core MSCI Emerging Markets ETF (IEMG) led with $184M in net inflows. On the outflow side, the iShares Core MSCI Total International Stock ETF (IXUS) and JPMorgan BetaBuilders International Equity ETF (BBIN) saw the heaviest redemptions across the channel, losing -$540M and -$46M, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SPDW | State Street SPDR Portfolio Developed World ex-US ETF | $1,074M |
| VXUS | Vanguard Total International Stock ETF | $1,046M |
| IEFA | iShares Core MSCI EAFE ETF | $764M |
| VEA | Vanguard FTSE Developed Markets ETF | $683M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $476M |
| Outflows | ||
| IXUS | iShares Core MSCI Total International Stock ETF | -$540M |
| BBIN | JPMorgan BetaBuilders International Equity ETF | -$46M |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | -$45M |
| SCHC | Schwab International Small-Cap Equity ETF | -$39M |
| EDGI | 3EDGE Dynamic International Equity ETF | -$32M |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $184M |
| AVEM | Avantis Emerging Markets Equity ETF | $104M |
| EMXC | iShares MSCI Emerging Markets ex China ETF | $88M |
| EEM | iShares MSCI Emerging Markets ETF | $84M |
| EEMX | State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | $37M |
| Outflows | ||
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | -$29M |
| EMOP | AB Emerging Markets Opportunities ETF | -$14M |
| EWX | State Street SPDR S&P Emerging Markets Small Cap ETF | -$13M |
| NUEM | Nuveen ESG Emerging Markets Equity ETF | -$4M |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | -$3M |
Issuer League Table Update
iShares and Vanguard maintain their dominance as the top 2 issuers by market share, controlling 38.45% and 33.92% of the channel’s assets, respectively. Vanguard gathered the most in weekly inflows with $2,247M, while FlexShares saw the largest outflows among top issuers, shedding -$32M over the same period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $646.13B | 38.45% |
| Vanguard | 9 | $570.06B | 33.92% |
| Schwab | 7 | $112.30B | 6.68% |
| Dimensional | 15 | $91.85B | 5.47% |
| State Street | 12 | $61.49B | 3.66% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $2,247M |
| State Street | $1,120M |
| iShares | $705M |
| Outflows | |
| FlexShares | -$32M |
| 3Edge | -$32M |
| Xtrackers | -$21M |
For a deeper dive into these trends, access our FREE, in-depth Global Ex-U.S. 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.
