Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, comprising 313 ETFs from 88 issuers, holds a total of $1.44 Trillion in assets under management. The channel experienced strong positive flows over the past week, attracting $4.59 billion. This positive momentum builds on a successful year, with year-to-date flows reaching $114.25 billion and total flows over the past year standing at $137.11 billion.
This Week’s Performance Leaders and Laggards
This week, performance was led by the Equity: Global Ex-U.S. Small | Mid Cap category, which posted a WTD return of 1.71% and is up 32.20% YTD. The primary laggard, though still positive, was the Equity: Global Ex-U.S. Large Cap – Blend category, with a WTD return of 1.15%; it remains up 26.99% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Global Ex-U.S. Small | Mid Cap | 1.71% | 1.43% | 5.09% | 22.45% | 32.20% | 29.03% |
| Equity: Emerging Large Cap | 1.69% | 2.47% | 8.27% | 24.80% | 26.74% | 20.85% |
| Equity: Emerging Small | Mid Cap | 1.27% | -1.11% | 2.83% | 19.29% | 16.58% | 12.89% |
| Equity: Global Ex-U.S. Large Cap – Value | 1.24% | 2.00% | 4.67% | 17.43% | 31.24% | 26.51% |
| Equity: Global Ex-U.S. Large Cap – Growth | 1.22% | 2.00% | 3.64% | 15.54% | 22.05% | 17.89% |
| Equity: Global Ex-U.S. Large Cap – Blend | 1.15% | 2.36% | 4.74% | 17.00% | 26.99% | 22.18% |
The top-performing Emerging Markets ETF was the Matthews Emerging Markets Sustainable Future Active ETF (EMSF) with a 3.63% WTD return. In the Global Ex-U.S. segment, the Cambria Global Value ETF (GVAL) led with a 3.19% gain. The two worst-performing ETFs overall were the First Trust International Equity Opportunities ETF (FPXI) at -1.15% and the GMO International Quality ETF (QLTI) at -0.59%.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| GVAL | Cambria Global Value ETF | 3.19% |
| IPOS | Renaissance International IPO ETF | 3.16% |
| IGGY | AB International Growth ETF | 3.09% |
| JADE | JPMorgan Active Developing Markets Equity ETF | 2.80% |
| VNIE | Vontobel International Equity Active ETF | 2.50% |
| Bottom Performers | ||
| FPXI | First Trust International Equity Opportunities ETF | -1.15% |
| QLTI | GMO International Quality ETF | -0.59% |
| IDVZ | Opal International Dividend Income ETF | -0.17% |
| IDYN | iShares International Equity Factor Rotation Active ETF | -0.05% |
| GENW | Genter Capital International Dividend ETF | 0.04% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EMSF | Matthews Emerging Markets Sustainable Future Active ETF | 3.63% |
| ECOW | Pacer Emerging Markets Cash Cows 100 ETF | 3.42% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 3.28% |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 3.18% |
| EMEQ | Macquarie Focused Emerging Markets Equity ETF | 2.80% |
| Bottom Performers | ||
| PEMX | Putnam Emerging Markets ex-China ETF | 0.06% |
| RAYE | Rayliant Quantamental Emerging Market ex-China Equity ETF | 0.48% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 0.77% |
| OAEM | OneAscent Enhanced Small and Mid Cap ETF Institutional Shs OneAscent.. | 0.78% |
| STXE | Strive Emerging Markets Ex-China ETF | 0.79% |
Analyzing the Weekly Flows
The channel saw total net inflows of $4.59 billion this week, with all categories finishing in the positive. The Global Ex-U.S. Large Cap – Blend category, which has $888.4 billion in AUM, led the way with $2.35 billion in new assets. The Global Ex-U.S. Small | Mid Cap category also saw significant inflows of $1.02 billion. The Emerging Small | Mid Cap category saw the smallest inflows, gathering just $3 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 111 | $888.4B | $2,350M | $9,059M | $30,435M | $79,052M | $94,364M |
| Global Ex-U.S. Small | Mid Cap | 18 | $54.0B | $1,020M | $985M | $2,129M | $4,177M | $4,456M |
| Emerging Large Cap | 99 | $351.2B | $871M | $1,026M | $6,022M | $20,996M | $24,110M |
| Global Ex-U.S. Large Cap – Value | 51 | $106.8B | $256M | $625M | $2,536M | $14,329M | $16,638M |
| Global Ex-U.S. Large Cap – Growth | 27 | $36.2B | $90M | ($60M) | ($2,087M) | ($3,820M) | ($1,686M) |
| Emerging Small | Mid Cap | 6 | $3.1B | $3M | $1M | ($68M) | ($488M) | ($775M) |
At the fund level, the Vanguard FTSE Emerging Markets ETF (VWO) led Emerging Markets inflows with $485 million. The Vanguard FTSE Developed Markets ETF (VEA) was the Global Ex-U.S. leader, pulling in $425 million. The largest outflows came from the iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) which lost $209 million, and the Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) which shed $85 million.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| AVDV | Avantis International Small Cap Value ETF | $453M |
| VEA | Vanguard FTSE Developed Markets ETF | $425M |
| SCZ | iShares MSCI EAFE Small-Cap ETF | $386M |
| SPDW | SPDR Portfolio Developed World ex-US ETF | $343M |
| VXUS | Vanguard Total International Stock ETF | $328M |
| Outflows | ||
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | ($85M) |
| DISV | Dimensional International Small Cap Value ETF | ($50M) |
| IGRO | iShares International Dividend Growth ETF | ($24M) |
| BIDD | iShares International Dividend Active ETF | ($16M) |
| GVAL | Cambria Global Value ETF | ($13M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VWO | Vanguard FTSE Emerging Markets ETF | $485M |
| IEMG | iShares Core MSCI Emerging Markets ETF | $243M |
| AVEM | Avantis Emerging Markets Equity ETF | $164M |
| AGEM | abrdn Emerging Markets Dividend Active ETF | $58M |
| CGNG | Capital Group New Geography Equity ETF | $32M |
| Outflows | ||
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | ($209M) |
| JHEM | John Hancock Multifactor Emerging Markets.. | ($10M) |
| SEEM | SEI Select Emerging Markets Equity ETF | ($7M) |
Issuer League Table Update
The issuer landscape remains dominated by iShares (39.52% market share) and Vanguard (33.80% market share). This week, all top issuers saw positive inflows, with Vanguard gathering the most new assets at $1.38 billion, followed by iShares at $874 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $568.89B | 39.52% |
| Vanguard | 9 | $486.62B | 33.80% |
| Schwab | 7 | $99.42B | 6.91% |
| Dimensional | 15 | $75.62B | 5.25% |
| SPDR | 12 | $52.72B | 3.66% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,383M |
| iShares | $874M |
| Avantis | $800M |
| Outflows | |
| Vident | ($10M) |
| SEI | ($7M) |
| John Hancock | ($6M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
