Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel closed the week with a robust $1,667 billion in total Assets Under Management (AUM) across 331 ETFs from 90 unique brands. Investor interest remained strong as the channel gathered $3.52 billion in net inflows over the past five days. This recent activity pushes the Year-to-Date (YTD) flows to $100.91 billion, contributing to an impressive $249.83 billion in total net inflows over the past 12 months.
This Week’s Performance Leaders and Laggards
The Global Ex-U.S. Large Cap – Growth category led the channel this week, posting a 3.63% Week-to-Date (WTD) return, though it remains slightly negative for the year with a -0.80% YTD return. Conversely, the Emerging Small | Mid Cap category lagged its peers, returning just 0.96% WTD, although it maintains a positive 3.45% return YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Growth | 3.63% | -6.96% | -1.76% | 0.36% | -0.80% | 19.18% |
| Global Ex-U.S. Large Cap – Blend | 3.06% | -6.07% | 0.92% | 5.50% | 1.80% | 24.38% |
| Global Ex-U.S. Large Cap – Value | 2.88% | -4.48% | 4.68% | 12.11% | 5.48% | 32.51% |
| Global Ex-U.S. Small | Mid Cap | 2.55% | -6.94% | 3.10% | 8.43% | 3.65% | 35.25% |
| Emerging Large Cap | 1.13% | -7.78% | 2.26% | 8.07% | 3.89% | 31.78% |
| Emerging Small | Mid Cap | 0.96% | -5.78% | 2.72% | 2.68% | 3.45% | 22.78% |
Looking at individual funds, the First Trust Bloomberg Emerging Market Democracies ETF (EMDM) was the top performer in the Emerging Markets segment with a 5.08% WTD gain, while the AdvisorShares Dorsey Wright ADR ETF (AADR) led the Global Ex-U.S. space at 5.65%. On the downside, the Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF (EMEQ) and the Pacific North of South EM Equity Active ETF (GEME) were the two worst-performing overall ETFs, dropping -2.57% and -1.10% respectively for the week.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| AADR | AdvisorShares Dorsey Wright ADR ETF | 5.65% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | 5.36% |
| IDMO | Invesco S&P International Developed Momentum ETF | 5.32% |
| IMTM | iShares MSCI Intl Momentum Factor ETF | 5.19% |
| FPXI | First Trust International Equity Opportunities ETF | 5.09% |
| Bottom Performers | ||
| PATN | Pacer Nasdaq International Patent Leaders ETF | 0.00% |
| DUKX | Ocean Park International ETF | 0.49% |
| ASCI | Abrdn International Small Cap Active ETF | 0.79% |
| SFTX | Horizon International Managed Risk ETF | 0.88% |
| GWX | State Street SPDR S&P International Small Cap ETF | 0.96% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 5.08% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 4.45% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 4.02% |
| NSI | National Security Emerging Markets Index ETF | 3.35% |
| XC | WisdomTree True Emerging Markets Fund | 3.15% |
| Bottom Performers | ||
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | -2.57% |
| GEME | Pacific North of South EM Equity Active ETF | -1.10% |
| EFFE | Harbor Osmosis Emerging Markets Resource Efficient ETF | -0.92% |
| RWEM | Rayliant Wilshire NxtGen Emerging Markets Equity ETF | -0.70% |
| EMMF | WisdomTree Emerging Markets Multifactor Fund | -0.64% |
Analyzing the Weekly Flows
The channel attracted $3.52 billion in total net inflows this week. The Global Ex-U.S. Large Cap – Blend category saw the largest influx of capital, pulling in $1,478 million to boost its massive $1,016.1 billion AUM. The Emerging Large Cap category also saw significant traction, gathering $1,426 million. In contrast, the Emerging Small | Mid Cap category experienced the largest outflows, shedding $1 million for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 123 | $1,016.1B | $1,478M | $15,154M | $49,138M | $49,322M | $141,635M |
| Emerging Large Cap | 102 | $406.4B | $1,426M | $475M | $31,865M | $32,312M | $64,920M |
| Global Ex-U.S. Small | Mid Cap | 20 | $65.0B | $363M | $892M | $3,332M | $3,333M | $10,614M |
| Global Ex-U.S. Large Cap – Value | 54 | $132.6B | $216M | $909M | $9,344M | $9,482M | $26,549M |
| Global Ex-U.S. Large Cap – Growth | 26 | $43.5B | $36M | $5,194M | $6,471M | $6,482M | $6,329M |
| Emerging Small | Mid Cap | 6 | $3.2B | ($1M) | ($3M) | ($25M) | ($25M) | ($218M) |
On an individual fund level, the iShares MSCI Emerging Markets ex China ETF (EMXC) captured the most new money in the Emerging Markets segment with an impressive $1,047 million in inflows. The Schwab International Equity ETF (SCHF) took the top spot for Global Ex-U.S. inflows at $417 million. Meanwhile, the BNY Mellon International Equity ETF (BKIE) and the iShares Core MSCI Emerging Markets ETF (IEMG) suffered the largest overall outflows, bleeding $160 million and $121 million, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SCHF | Schwab International Equity ETF | $417M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $270M |
| AVDE | Avantis International Equity ETF | $157M |
| SCZ | iShares MSCI EAFE Small-Cap ETF | $152M |
| BBIN | JPMorgan BetaBuilders International Equity ETF | $148M |
| Outflows | ||
| BKIE | BNY Mellon International Equity ETF | ($160M) |
| IXUS | iShares Core MSCI Total International Stock ETF | ($75M) |
| ESGD | iShares ESG Aware MSCI EAFE ETF | ($39M) |
| IQLT | iShares MSCI Intl Quality Factor ETF | ($37M) |
| VIGI | Vanguard International Dividend Appreciation ETF | ($30M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| EMXC | iShares MSCI Emerging Markets ex China ETF | $1,047M |
| EMOP | AB Emerging Markets Opportunities ETF | $270M |
| AVEM | Avantis Emerging Markets Equity ETF | $64M |
| JHEM | John Hancock Multifactor Emerging Markets ETF | $47M |
| JEMA | JPMorgan ActiveBuilders Emerging Markets ETF | $31M |
| Outflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | ($121M) |
| ESGE | iShares ESG Aware MSCI EM ETF | ($31M) |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | ($26M) |
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | ($4M) |
| EMC | Global X Emerging Markets Great Consumer ETF | $0M |
Issuer League Table Update
The competitive landscape remains top-heavy, with iShares and Vanguard dominating the market share at 38.80% and 33.43%, respectively. iShares was the clear leader in gathering assets this week, taking in $1,029 million in net inflows. On the other end of the spectrum, BNY Mellon saw the largest outflows among top issuers, losing $160 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $646.72B | 38.80% |
| Vanguard | 9 | $557.17B | 33.43% |
| Schwab | 7 | $112.16B | 6.73% |
| Dimensional | 15 | $89.65B | 5.38% |
| State Street | 12 | $60.55B | 3.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $1,029M |
| Schwab | $501M |
| Avantis | $369M |
| Outflows | |
| BNY Mellon | ($160M) |
| Nomura | ($26M) |
| Cambria | ($15M) |
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.
