Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, encompassing 348 ETFs from 99 issuers, holds approximately $1.88 trillion in assets. Investor appetite for international exposure remained robust this week, with the channel attracting $5.87 billion in net inflows. This recent activity contributes to a strong year-to-date accumulation of $172.5 billion and a one-year total of $266.2 billion.
This Week’s Performance Leaders and Laggards
International value strategies outperformed this week, with the Global Ex-U.S. Large Cap – Value category gaining 2.11%. This group has also posted a strong 16.88% return year-to-date, leading all categories on that measure as well. In contrast, Emerging Small & Mid Cap funds faced headwinds, declining 1.12% for the week and lagging other categories over the past three months.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Value | 2.11% | 4.73% | 5.35% | 10.28% | 16.88% | 35.01% |
| Global Ex-U.S. Large Cap – Blend | 1.59% | 0.14% | 3.58% | 7.01% | 12.83% | 26.99% |
| Global Ex-U.S. Large Cap – Growth | 1.52% | -0.94% | 3.85% | 5.13% | 9.36% | 19.84% |
| Emerging Large Cap | 1.00% | -4.62% | 0.10% | 7.27% | 14.89% | 29.57% |
| Global Ex-U.S. Small | Mid Cap | 0.87% | 1.29% | -0.19% | 3.28% | 10.10% | 24.86% |
| Emerging Small | Mid Cap | -1.12% | -7.00% | -5.54% | 0.00% | 6.17% | 13.37% |
Top & Bottom 5 ETFs by Weekly Performance
Leading individual fund performance was the VanEck Morningstar International Moat ETF (MOTI), which surged 5.85% for the week. Several other value-oriented funds also posted gains over 4%. At the other end of the spectrum, momentum strategies in emerging markets struggled, exemplified by the Invesco S&P Emerging Markets Momentum ETF (EEMO), which fell 3.27%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MOTI | VanEck Morningstar International Moat ETF | 5.85% |
| PCIG | Polen Capital International Growth ETF | 4.52% |
| BINV | Brandes International ETF | 4.49% |
| HWO | Hotchkis & Wiley Opportunities Fund ETF | 4.46% |
| DTAN | Sparkline International Intangible Value ETF | 4.27% |
| Bottom Performers | ||
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -3.27% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | -3.08% |
| AVEE | Avantis Emerging Markets Small Cap Equity ETF | -2.59% |
| EMSC | Sophus Capital Emerging Market Small Cap ETF | -2.06% |
| FPXI | First Trust International Equity Opportunities ETF | -1.81% |
Analyzing the Weekly Flows
Investors allocated nearly $5.9 billion in new capital to Global Ex-U.S. ETFs this week, continuing a strong year of inflows. Global Ex-U.S. Large Cap – Blend funds were the primary destination, attracting over $3.0 billion. Emerging Large Cap strategies also saw significant demand, pulling in nearly $2.0 billion. Meanwhile, Global Ex-U.S. Small & Mid Cap funds were the only category to experience net redemptions, with outflows totaling $223 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 128 | $1,149.31B | $3,032M | $11,888M | $40,731M | $97,926M | $159,168M |
| Emerging Large Cap | 105 | $455.25B | $1,958M | $6,003M | $10,296M | $45,874M | $67,419M |
| Global Ex-U.S. Large Cap – Value | 56 | $149.79B | $961M | $5,905M | $4,221M | $15,798M | $22,147M |
| Global Ex-U.S. Large Cap – Growth | 29 | $50.32B | $144M | $605M | $2,590M | $9,651M | $8,361M |
| Emerging Small | Mid Cap | 7 | $3.07B | $2M | -$12M | -$37M | -$124M | -$186M |
| Global Ex-U.S. Small | Mid Cap | 23 | $68.14B | -$223M | -$1,966M | -$328M | $3,389M | $9,275M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Core MSCI Emerging Markets ETF (IEMG) led all funds, gathering $1.12 billion in net new assets. Close behind, the Vanguard Total International Stock ETF (VXUS) also crossed the billion-dollar mark with $1.07 billion in inflows. On the other side of the ledger, small-cap focused funds saw the largest redemptions. The iShares MSCI EAFE Small-Cap ETF (SCZ) shed $151 million, while the Dimensional International Small Cap ETF (DFIS) saw outflows of $68 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $1,118M |
| VXUS | Vanguard Total International Stock ETF | $1,067M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $746M |
| EFV | iShares MSCI EAFE Value ETF | $353M |
| AVEM | Avantis Emerging Markets Equity ETF | $209M |
| Outflows | ||
| SCZ | iShares MSCI EAFE Small-Cap ETF | -$151M |
| DFIS | Dimensional International Small Cap ETF | -$68M |
| DMXF | iShares ESG Advanced MSCI EAFE ETF | -$59M |
| AVSD | Avantis Responsible International Equity ETF | -$33M |
| JIRE | JPMorgan International Research Enhanced Equity ETF | -$29M |
Issuer League Table Update
The issuer landscape remains dominated by iShares and Vanguard, which together command over 71% of the channel’s assets. This week, Vanguard led the way in asset gathering, attracting nearly $2.2 billion in net inflows across its international fund lineup. iShares also had a strong week, bringing in over $1.7 billion. In contrast, WisdomTree experienced the largest net outflows among issuers, with redemptions totaling $30 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $718.72B | 38.31% |
| Vanguard | 11 | $625.59B | 33.35% |
| Schwab | 7 | $123.46B | 6.58% |
| Dimensional | 15 | $104.53B | 5.57% |
| Avantis | 12 | $68.57B | 3.66% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $2,174M |
| iShares | $1,716M |
| Avantis | $361M |
| Outflows | |
| WisdomTree | -$30M |
| Pacer | -$7M |
| Bancreek | -$5M |
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.
