Weekly Channel Summary
The EQ: Region & Country channel, comprising 184 ETFs from 36 issuers, now holds $238B in total assets under management. Over the past week, the channel saw net inflows of $1.22B, bringing year-to-date inflows to $18.50B. This positive weekly momentum builds on the $5.08B in net flows seen over the past year.
This Week’s Performance Leaders and Laggards
Performance was dominated by the Americas, with the Argentina category posting a staggering 26.92% gain for the week. This continues a strong run for the broad Americas category, which is up 39.99% year-to-date. On the other end, several Eurozone-related categories lagged, with Iceland seeing the worst performance at -4.77% WTD. The broader Eurozone category was down -1.16% for the week, though it remains up 28.25% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Argentina | 26.92% | 34.43% | 13.65% | 10.17% | 14.21% | 30.87% |
| South Korea | 4.43% | 13.82% | 24.07% | 64.77% | 80.75% | 60.40% |
| Americas | 3.12% | 3.02% | 14.51% | 19.50% | 39.99% | 30.97% |
| Chile | 2.83% | 7.39% | 17.71% | 14.63% | 42.74% | 40.68% |
| Latin America | 2.48% | 1.42% | 13.92% | 18.64% | 42.68% | 28.09% |
| Austria | 2.11% | 1.38% | 7.20% | 22.63% | 54.00% | 53.34% |
| Peru | 2.01% | 3.07% | 28.47% | 43.52% | 60.79% | 50.42% |
| Brazil | 1.99% | 0.12% | 15.85% | 16.97% | 41.83% | 21.61% |
| Colombia | 1.91% | 6.98% | 18.68% | 30.46% | 60.31% | 64.05% |
| Mexico | 1.79% | -1.96% | 9.99% | 17.77% | 43.57% | 34.89% |
| Taiwan | 1.36% | 6.07% | 14.34% | 41.78% | 29.62% | 27.67% |
| Italy | 1.13% | -0.32% | 6.50% | 17.87% | 45.09% | 39.42% |
| Spain | 0.97% | 1.20% | 12.14% | 24.92% | 62.91% | 52.92% |
| Kuwait | 0.94% | 1.97% | 4.49% | 14.79% | 27.64% | 29.92% |
| Hong Kong | 0.89% | 0.28% | 4.47% | 26.35% | 32.39% | 26.26% |
| Japan | 0.89% | 2.49% | 12.18% | 20.38% | 25.54% | 28.16% |
| New Zealand | 0.81% | -0.11% | 1.83% | 8.76% | 2.02% | -0.84% |
| Asia-Pacific | 0.55% | 2.75% | 10.52% | 24.87% | 28.49% | 25.15% |
| Israel | 0.54% | 0.82% | 8.91% | 26.01% | 26.33% | 40.64% |
| Finland | 0.54% | 6.15% | 12.88% | 21.36% | 45.41% | 34.00% |
| Singapore | 0.47% | 0.43% | 7.07% | 18.63% | 32.32% | 39.00% |
| Malaysia | 0.46% | 0.16% | 9.38% | 9.16% | 7.02% | 8.66% |
| Qatar | 0.43% | -1.15% | -1.80% | 7.38% | 10.02% | 10.19% |
| Saudi Arabia | 0.30% | 1.04% | 8.12% | 2.75% | 1.43% | 1.13% |
| Thailand | 0.30% | 2.69% | 6.30% | 13.13% | 1.67% | -5.37% |
| Africa-Middle East | 0.06% | 0.93% | 8.06% | 19.27% | 25.18% | 29.44% |
| Asia-Pacific | -0.04% | 1.03% | 10.72% | 22.55% | 25.64% | 22.86% |
| Ireland | -0.27% | 0.17% | 3.28% | 11.62% | 17.50% | 10.15% |
| Turkey | -0.27% | -0.47% | 0.40% | 12.80% | -4.10% | 3.73% |
| Africa | -0.32% | 0.01% | 16.69% | 35.22% | 53.57% | 45.29% |
| Canada | -0.32% | 0.06% | 9.24% | 18.79% | 25.82% | 26.11% |
| Netherlands | -0.43% | 0.90% | 13.62% | 20.15% | 31.76% | 27.70% |
| India | -0.84% | 3.36% | 2.17% | 2.53% | 0.82% | -0.99% |
| China | -0.85% | -3.53% | 14.50% | 28.28% | 34.13% | 30.53% |
| Indonesia | -0.90% | 2.81% | 6.47% | 15.08% | 4.30% | -5.90% |
| Philippines | -1.04% | -1.19% | -3.72% | -7.22% | -2.99% | -9.30% |
| Poland | -1.13% | 4.23% | 5.73% | 16.72% | 63.53% | 59.49% |
| United Arab Emirates | -1.15% | 3.94% | -2.45% | 14.10% | 23.58% | 35.76% |
| Eurozone | -1.16% | 0.49% | 5.60% | 12.36% | 28.25% | 24.49% |
| Eurozone (Summary) | -1.28% | 0.18% | 5.15% | 12.66% | 30.14% | 26.11% |
| Australia | -1.19% | -0.83% | 2.39% | 10.33% | 14.56% | 8.83% |
| United Kingdom | -1.36% | 0.19% | 5.26% | 13.47% | 25.08% | 22.58% |
| Germany | -1.54% | -1.75% | 0.83% | 8.59% | 36.24% | 35.05% |
| Greece | -1.64% | -3.45% | 2.29% | 29.37% | 62.32% | 65.92% |
| France | -1.83% | 0.35% | 5.81% | 10.10% | 25.80% | 20.08% |
| South Africa | -1.97% | 0.12% | 19.82% | 30.89% | 53.96% | 37.85% |
| Sweden | -2.00% | 1.26% | 9.31% | 11.89% | 30.98% | 22.51% |
| Denmark | -2.32% | -0.45% | 4.41% | 2.35% | 2.90% | -7.61% |
| Belgium | -2.39% | 0.06% | 7.18% | 11.57% | 29.04% | 20.63% |
| Switzerland | -2.57% | 0.20% | 3.04% | 6.05% | 22.81% | 15.54% |
| Norway | -2.91% | -3.68% | 1.23% | 10.35% | 25.97% | 20.75% |
| Vietnam | -4.00% | -1.41% | 10.09% | 46.99% | 49.05% | 44.60% |
| Iceland | -4.77% | -1.38% | 0.47% | 9.05% |
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the ARGT (Global X MSCI Argentina ETF), which soared 26.92%. The laggards were concentrated in Iceland and Vietnam, with the GLCR (Glacier Shares Nasdaq Iceland ETF) falling -4.77% and the VNAM (Global X MSCI Vietnam ETF) dropping -4.06%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ARGT | Global X MSCI Argentina ETF | 26.92% |
| FLKR | Franklin FTSE South Korea ETF | 6.25% |
| EWY | iShares MSCI South Korea ETF | 5.84% |
| MKOR | Matthews Korea Active ETF | 4.61% |
| RAYJ | Rayliant SMDAM Japan Equity ETF | 3.02% |
| Bottom Performers | ||
| GLCR | Glacier Shares Nasdaq Iceland ETF | -4.77% |
| VNAM | Global X MSCI Vietnam ETF | -4.06% |
| VNM | VanEck Vietnam ETF | -3.93% |
| EUDV | ProShares MSCI Europe Dividend Growers ETF | -3.88% |
| JAPN | Horizon Kinetics Japan Owner Operator ETF | -3.13% |
Analyzing the Weekly Flows
The channel attracted $1.22B in net new assets this week. The Eurozone category was the clear winner, pulling in $698M in new flows, adding to its $75.6B AUM base. The Asia-Pacific category also saw strong interest with $595M in inflows. In contrast, the Americas category experienced the largest outflows, shedding $103M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Eurozone | 53 | $75.6B | $698M | $3,544M | $1,082M | $12,699M | $7,066M |
| Asia-Pacific | 102 | $134.3B | $595M | $1,343M | $1,489M | $2,562M | ($5,356M) |
| Africa-Middle East | 11 | $2.5B | $27M | $82M | $148M | $454M | $552M |
| Americas | 18 | $25.4B | ($103M) | $345M | $524M | $2,782M | $2,813M |
Top & Bottom 5 ETFs by 5-Day Flow
The BBEU (JPMorgan BetaBuilders Europe ETF) dominated inflows, attracting $757M. Significant outflows were seen from the EWC (iShares MSCI Canada ETF), which lost $82M, and the EWA (iShares MSCI Australia ETF), which saw $59M in redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BBEU | JPMorgan BetaBuilders Europe ETF | $757M |
| EWJ | iShares MSCI Japan ETF | $186M |
| DXJ | WisdomTree Japan Hedged Equity Fund | $135M |
| EWY | iShares MSCI South Korea ETF | $95M |
| FLIN | Franklin FTSE India ETF | $70M |
| Outflows | ||
| EWC | iShares MSCI Canada ETF | ($82M) |
| EWA | iShares MSCI Australia ETF | ($59M) |
| EWW | iShares MSCI Mexico ETF | ($59M) |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | ($43M) |
| EPI | WisdomTree India Earnings Fund | ($37M) |
Issuer League Table Update
The top two issuers by market share remain iShares (48.83%) and JPMorgan (15.62%). JPMorgan led all issuers in weekly inflows, gathering an impressive $771M. Among the top issuers, Xtrackers saw the largest outflows at -$58M, while iShares saw positive inflows of $186M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 64 | $116.16B | 48.83% |
| JPMorgan | 5 | $37.15B | 15.62% |
| Vanguard | 2 | $36.21B | 15.22% |
| WisdomTree | 10 | $10.50B | 4.41% |
| KraneShares | 7 | $10.20B | 4.29% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $771M |
| iShares | $186M |
| Franklin | $148M |
| Outflows | |
| Xtrackers | ($58M) |
| Global X | ($13M) |
| SPDR | ($7M) |
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.
