Weekly Channel Summary
The Region & Country channel currently tracks 184 ETFs across 36 issuers, managing a total of $231B in assets. The channel saw relatively flat activity this week, bringing in $104M in net inflows over the past 5 days. Year-to-date, the space has gathered $19.47B, contributing to a solid 1-year flow total of $11.91B.
This Week’s Performance Leaders and Laggards
It was a challenging week for most international equity markets, with the vast majority of country-specific categories posting negative returns. However, the Philippines bucked the trend significantly, emerging as the top-performing category with a strong 7.47% gain, followed by Turkey and Vietnam. On the downside, Argentina lagged the group, dropping -6.13%, closely followed by South Korea and China. Despite the weekly pullback, many laggards like Argentina remain in positive territory year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Philippines | 7.47% | -1.75% | -6.07% | -8.50% | -1.59% | -3.47% |
| Turkey | 2.68% | 2.84% | -4.93% | 9.36% | -5.22% | -2.49% |
| Vietnam | 1.55% | -1.19% | 2.09% | 37.69% | 52.11% | 52.39% |
| Chile | 0.47% | 8.86% | 14.53% | 14.15% | 48.05% | 46.55% |
| Indonesia | 0.35% | 6.44% | 1.70% | 1.99% | 8.21% | 3.90% |
| India | -0.83% | 0.63% | -1.46% | -0.39% | 0.60% | 1.59% |
| Canada | -0.87% | 25.18% | 0.78% | 6.21% | 14.35% | 18.94% |
| Eurozone | -2.82% | 25.43% | -2.64% | -0.58% | 4.06% | 25.67% |
| Asia-Pacific | -3.28% | 23.04% | -3.10% | 3.14% | 13.46% | 20.61% |
| Brazil | -3.75% | 43.79% | 5.15% | 13.15% | 15.52% | 27.21% |
| Germany | -4.27% | 31.56% | -4.89% | -5.30% | -1.41% | 34.39% |
| Israel | -4.73% | 21.48% | -2.31% | 5.73% | 15.84% | 27.26% |
| China | -5.19% | 26.14% | -5.92% | 1.72% | 14.43% | 25.22% |
| South Korea | -5.71% | 63.76% | -5.12% | 15.77% | 37.88% | 49.45% |
| Argentina | -6.13% | 3.64% | 20.73% | 4.30% | -8.40% | 6.30% |
Top & Bottom 5 ETFs by Weekly Performance
The best performing fund of the week was the EPHE (iShares MSCI Philippines ETF), delivering a 7.47% return. Conversely, China-focused funds struggled, with the KGRN and KTEC taking the biggest hits.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| EPHE | iShares MSCI Philippines ETF | 7.47% |
| TUR | iShares MSCI Turkey ETF | 2.68% |
| VNAM | Global X MSCI Vietnam ETF | 1.81% |
| VNM | VanEck Vietnam ETF | 1.29% |
| INDH | WisdomTree India Hedged Equity Fund | 0.75% |
| Bottom Performers | ||
| KGRN | KraneShares MSCI China Clean Technology Index ETF | -9.00% |
| KTEC | KraneShares Hang Seng TECH Index ETF | -7.42% |
| KDEF | PLUS Korea Defense Industry Index ETF | -6.72% |
| KWEB | KraneShares CSI China Internet ETF | -6.56% |
| MCHS | Matthews China Discovery Active ETF | -6.49% |
Analyzing the Weekly Flows
The channel attracted a modest $104M in net inflows this week. The Eurozone led the way, pulling in $72M (total AUM $73.5B), while Asia-Pacific also saw positive momentum with $59M in inflows. In contrast, the Americas region saw the largest outflows, shedding approximately $47M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Eurozone | 53 | $73.5B | $72M | $1,471M | $1,803M | $12,706M | $8,046M |
| Asia-Pacific | 102 | $129.4B | $59M | $1,515M | $3,344M | $3,361M | $345M |
| Africa-Middle East | 11 | $2.4B | $20M | $33M | $218M | $447M | $543M |
| Americas | 18 | $25.6B | ($47M) | $59M | $747M | $2,955M | $2,977M |
Top & Bottom 5 ETFs by 5-Day Flow
The VGK (Vanguard FTSE Europe ETF) led all funds with $91M in net inflows. On the other end of the spectrum, the ASHR and EWG saw the heaviest outflows.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| VGK | Vanguard FTSE Europe ETF | $91M |
| EWT | iShares MSCI Taiwan ETF | $76M |
| EWY | iShares MSCI South Korea ETF | $70M |
| VPL | Vanguard FTSE Pacific ETF | $47M |
| EZA | iShares MSCI South Africa ETF | $20M |
| Outflows | ||
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | ($88M) |
| EWG | iShares MSCI Germany ETF | ($35M) |
| EWA | iShares MSCI Australia ETF | ($30M) |
| EWW | iShares MSCI Mexico ETF | ($26M) |
| EWJV | iShares MSCI Japan Value ETF | ($23M) |
Issuer League Table Update
iShares and JPMorgan continue to dominate the landscape, holding the top two spots for market share. Vanguard led the week in flows, gathering $139M, while Xtrackers saw the largest outflows of the group.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 64 | $112.61B | 48.76% |
| JPMorgan | 5 | $36.14B | 15.65% |
| Vanguard | 2 | $35.54B | 15.39% |
| WisdomTree | 10 | $10.61B | 4.59% |
| KraneShares | 7 | $9.38B | 4.06% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Vanguard | $139M |
| iShares | $65M |
| WisdomTree | $20M |
| Outflows | |
| Xtrackers | ($92M) |
| Invesco | ($13M) |
| KraneShares | ($9M) |
For a deeper dive into these trends, access our FREE, in-depth 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.
