Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel currently encompasses 337 ETFs across 91 issuers, representing a massive $1,835.2 billion in total Assets Under Management (AUM). Flow activity remained robust over the past week, with the channel attracting $3.80 billion in net new money. This short-term strength builds upon a broader trend of steady asset gathering, bringing Year-to-Date (YTD) flows to $126.26 billion and 1-Year flows to an impressive $257.22 billion.
This Week’s Performance Leaders and Laggards
Global Ex-U.S. Large Cap – Growth led the pack this week, posting a strong Week-to-Date (WTD) return of 2.41% and bringing its Year-to-Date (YTD) performance to 8.52%. Conversely, Global Ex-U.S. Small | Mid Cap was the primary lagging category, eking out a modest 0.66% WTD gain, though it remains solidly positive on the year with an 11.33% YTD return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Global Ex-U.S. Large Cap – Growth | 2.41% | 2.01% | 0.71% | 14.73% | 8.52% | 21.45% |
| Equity: Global Ex-U.S. Large Cap – Blend | 1.82% | 2.20% | 0.50% | 15.74% | 9.67% | 24.85% |
| Equity: Global Ex-U.S. Large Cap – Value | 1.37% | 2.13% | 0.57% | 18.21% | 11.34% | 31.06% |
| Equity: Emerging Small | Mid Cap | 1.30% | -0.03% | 4.33% | 18.58% | 14.58% | 28.44% |
| Equity: Emerging Large Cap | 1.28% | 4.01% | 6.66% | 26.23% | 19.87% | 44.07% |
| Equity: Global Ex-U.S. Small | Mid Cap | 0.66% | 1.63% | -0.03% | 18.78% | 11.33% | 33.77% |
Looking at individual funds, the FPXI (First Trust International Equity Opportunities ETF) was the single best-performing ETF in the Global Ex-U.S. segment with a 6.12% jump, while the PIE (Invesco Dorsey Wright Emerging Markets Momentum ETF) topped the Emerging Markets segment at 3.51%. The two worst-performing overall ETFs this week were the BKF (iShares MSCI BIC ETF) and IVAL (Alpha Architect International Quantitative Value ETF), which shed 0.99% and 0.76%, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FPXI | First Trust International Equity Opportunities ETF | 6.12% |
| IPOS | Renaissance International IPO ETF | 4.31% |
| PCIG | Polen Capital International Growth ETF | 3.91% |
| TXUG | Thornburg International Growth Fund ETF | 3.47% |
| PJIO | PGIM Jennison International Opportunities ETF | 3.33% |
| Bottom Performers | ||
| IVAL | Alpha Architect International Quantitative Value ETF | -0.76% |
| FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX Fund | -0.44% |
| FYLD | Cambria Foreign Shareholder Yield ETF | -0.31% |
| AVDV | Avantis International Small Cap Value ETF | 0.16% |
| DLS | WisdomTree International SmallCap Dividend Fund | 0.18% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 3.51% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 3.38% |
| FRDM | Freedom 100 Emerging Markets ETF | 3.28% |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | 3.20% |
| EMSF | Matthews Emerging Markets Sustainable Future Active ETF | 2.54% |
| Bottom Performers | ||
| BKF | iShares MSCI BIC ETF | -0.99% |
| ECOW | Pacer Emerging Markets Cash Cows 100 ETF | -0.91% |
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | -0.65% |
| LDEM | iShares ESG MSCI EM Leaders ETF | -0.32% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | -0.30% |
Analyzing the Weekly Flows
The channel posted a total net inflow of $3.80 billion this week. Global Ex-U.S. Large Cap – Blend commanded the most attention, capturing $2.26 billion in new assets to bring its total AUM to an enormous $1,106.3 billion. Global Ex-U.S. Large Cap – Value also saw significant investor interest with $590 million in inflows. Conversely, Emerging Small | Mid Cap was the lone category failing to capture positive flows, ending flat ($0M) 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 | 124 | $1,106.3B | $2,257M | $8,889M | $38,336M | $64,792M | $146,245M |
| Global Ex-U.S. Large Cap – Value | 55 | $144.0B | $590M | $2,766M | $6,200M | $13,225M | $24,597M |
| Emerging Large Cap | 104 | $464.1B | $473M | $1,621M | $11,107M | $36,943M | $68,029M |
| Global Ex-U.S. Small | Mid Cap | 20 | $70.0B | $264M | $110M | $1,883M | $3,866M | $11,333M |
| Global Ex-U.S. Large Cap – Growth | 27 | $47.5B | $217M | $560M | $6,559M | $7,517M | $7,207M |
| Emerging Small | Mid Cap | 6 | $3.4B | $0M | -$18M | -$54M | -$83M | -$189M |
The IEFA (iShares Core MSCI EAFE ETF) led all individual Global Ex-U.S. funds with a massive $865 million intake, while the AVEM (Avantis Emerging Markets Equity ETF) paced the Emerging Markets segment by gathering $277 million. On the outflow side, the PIEQ (Principal International Equity ETF) and HEFA (iShares Currency Hedged MSCI EAFE ETF) experienced the heaviest redemptions overall, shedding $171 million and $87 million, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEFA | iShares Core MSCI EAFE ETF | $865M |
| VXUS | Vanguard Total International Stock ETF | $385M |
| AVIV | Avantis International Large Cap Value ETF | $266M |
| AVDE | Avantis International Equity ETF | $252M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $200M |
| Outflows | ||
| PIEQ | Principal International Equity ETF | -$171M |
| HEFA | iShares Currency Hedged MSCI EAFE ETF | -$87M |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | -$37M |
| SFTX | Horizon International Managed Risk ETF | -$21M |
| FICS | First Trust International Developed Capital Strength ETF | -$8M |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| AVEM | Avantis Emerging Markets Equity ETF | $277M |
| DEM | WisdomTree Emerging Markets High Dividend Fund | $48M |
| CGNG | Capital Group New Geography Equity ETF | $37M |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | $23M |
| EMGF | iShares Emerging Markets Equity Factor ETF | $21M |
| Outflows | ||
| SEEM | SEI Select Emerging Markets Equity ETF | -$13M |
| XC | WisdomTree True Emerging Markets Fund | -$6M |
| DEXC | Dimensional Emerging Markets ex China Core Equity ETF | -$4M |
| BKF | iShares MSCI BIC ETF | -$2M |
| MEM | Matthews Emerging Markets Equity Active ETF | -$1M |
Issuer League Table Update
iShares and Vanguard continue to dominate the channel, holding the top two spots with 38.76% and 33.15% market share, respectively. iShares was also the top asset gatherer this week, pulling in $1.19 billion in net new flows. On the other end of the spectrum, Principal saw the largest weekly outflows among issuers, losing $171 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $711.34B | 38.76% |
| Vanguard | 11 | $608.45B | 33.15% |
| Schwab | 7 | $121.36B | 6.61% |
| Dimensional | 15 | $100.94B | 5.50% |
| Avantis | 12 | $66.25B | 3.61% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $1,195M |
| Avantis | $824M |
| Dimensional | $657M |
| Outflows | |
| Principal | -$171M |
| Horizons | -$21M |
| SEI | -$3M |
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.
