Global Growth Surges 3.36% as Vanguard Draws $847M

Weekly Channel Summary

The Size & Style – Global channel closed the week with $208.12B in total assets spread across 111 ETFs from 77 issuers. Net flows were positive at $1,547M for the 5-day period, extending a strongly positive year with $36,920M gathered YTD and $42,425M over the trailing 1-year period. The channel has consistently attracted capital throughout 2026, with flows accelerating into mid-November.

This Week’s Performance Leaders and Laggards

Global Large Cap – Growth led all categories on the week with a 3.36% gain, though its YTD return of 9.60% still trails Global Large Cap – Value’s 16.11% YTD performance, the strongest in the channel. Global Large Cap – Blend followed with a 2.32% weekly advance, while Global Small | Mid Cap posted the weakest WTD result at 1.68%, also showing the softest 6-month (-4.02%) and 3-month (-5.04%) figures among categories. Global Large Cap – Value, despite its modest 1.95% weekly gain, stands out for consistency across longer time frames, with an 18.26% 1-year return. The spread between leading and lagging categories this week was relatively narrow, suggesting broad-based global equity strength rather than a single factor driving performance.

Category Performance Snapshot

Top & Bottom 5 ETFs by Weekly Performance

TRIL topped the fund leaderboard with a 5.71% weekly gain, followed closely by ACTS at 5.56% and TOLL at 4.59%. On the downside, MNVT was the clear laggard, falling 5.02% for the week, a notable divergence from the broader category gains. SDIV also declined, down 0.68%, while the remaining bottom performers posted only marginal losses or slight gains. The wide dispersion between top and bottom funds, nearly an 11-point spread, highlights significant idiosyncratic performance within an otherwise positive week for global equities.

Analyzing the Weekly Flows

The channel gathered $1,547M in net inflows over the 5-day period, led overwhelmingly by Global Large Cap – Blend, which pulled in $1,492M and continues to dominate longer-term flows with $32,190M YTD and $37,249M over the trailing year. Global Large Cap – Growth added a modest $73M for the week, while Global Large Cap – Value saw a small outflow of $18M despite its strong YTD gather of $1,399M. Global Small | Mid Cap was flat on the week at $0M but has bled assets over longer periods, down $199M YTD and $134M over one year. The data points to a clear preference for large-cap blend exposure as the primary destination for global equity capital this week.

Category Flows Summary

Top & Bottom 5 ETFs by 5-Day Flow

Vanguard Total World Stock ETF (VT) was the standout inflow leader, gathering $847M for the week, more than double the next closest fund. iShares MSCI ACWI ETF (ACWI) followed with $346M, and iShares MSCI World ETF (URTH) added $82M. On the outflow side, Thrivent International Large Cap ETF (TILC) led redemptions at $36M, while State Street SPDR Global Dow ETF (DGT) saw $14M in outflows. These figures underscore how concentrated the week’s inflows were in a handful of mega-cap global blend vehicles.

Issuer League Table Update

Vanguard remains the dominant issuer by assets with $84.45B, representing a 40.58% share of the channel despite operating just a single fund, followed by iShares with $62.70B and a 30.13% share across 11 funds. Vanguard also led weekly inflows with $847M, consistent with its single-fund concentration in VT, while iShares ranked second in inflows at $435M. Capital Group rounded out the top inflow gatherers with $154M, supporting its 10.29% share of channel assets. On the outflow side, Thrivent experienced the largest weekly redemption at $36M, followed by SPDR and Xtrackers, each losing $14M, though these outflows were modest relative to the scale of inflows at the top of the issuer table.

Top 5 Issuers by AUM

Top & Bottom 3 Issuers by 5-Day Flow