Weekly Channel Summary
The Size & Style – Global Ex-U.S. channel closed the week with $1,932.14B in total AUM spread across 356 ETFs from 105 issuers. Net flows were positive at $4,703M for the 5-day period, extending a robust $217,920M gain year-to-date and $284,401M over the trailing year. These figures underscore sustained investor commitment to international diversification despite a soft performance week across most categories.
This Week’s Performance Leaders and Laggards
On a WTD basis, performance was broadly negative across the channel, with only Emerging Small | Mid Cap holding near flat at -0.05%. Global Ex-U.S. Large Cap – Value was the weakest performer, down -2.43% WTD and -3.97% over the trailing month, though it still carries a strong 14.45% YTD return and 23.08% over one year. Emerging Large Cap, the top YTD performer at 20.66%, slipped -0.49% WTD, while Global Ex-U.S. Small | Mid Cap fell -1.46% despite a healthy 13.24% YTD gain. Fund-level dispersion was wide: PGIM Jennison Focused International Equity ETF (PJIO) led with a 2.30% weekly gain, while Global X MSCI SuperDividend EAFE ETF (EFAS) lagged at -4.18%, highlighting the pressure on dividend-oriented international strategies this week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Emerging Small | Mid Cap | -0.05% | -1.21% | -0.31% | 8.52% | 12.57% | 13.31% |
| Emerging Large Cap | -0.49% | -0.09% | 2.74% | 17.15% | 20.66% | 23.65% |
| Global Ex-U.S. Large Cap – Growth | -0.62% | -1.43% | -0.37% | 10.33% | 10.00% | 12.19% |
| Global Ex-U.S. Large Cap – Blend | -1.21% | -2.18% | 0.45% | 9.74% | 13.05% | 17.72% |
| Global Ex-U.S. Small | Mid Cap | -1.46% | -2.11% | 2.93% | 8.59% | 13.24% | 18.53% |
| Global Ex-U.S. Large Cap – Value | -2.43% | -3.97% | 1.47% | 7.18% | 14.45% | 23.08% |
Top & Bottom 5 ETFs by Weekly Performance
Growth-oriented and thematic international names outperformed, with PGIM Jennison Focused International Equity ETF (PJIO), International Vegan Climate ETF (VEGX), and Wahed Dow Jones Islamic World ETF (UMMA) all posting gains above 1.7%. Emerging markets exposure also featured among the week’s winners via PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). Conversely, international dividend strategies struggled broadly, with iShares International Select Dividend ETF (IDV) and Franklin International Dividend Booster Index ETF (XIDV) each down -3.45%. ALPS International Sector Dividend Dogs ETF (IDOG) and Brown Advisory International Value Select ETF (BAIV) rounded out the bottom five, each off -3.13%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PJIO | PGIM Jennison Focused International Equity ETF | 2.30% |
| VEGX | International Vegan Climate ETF | 1.78% |
| UMMA | Wahed Dow Jones Islamic World ETF | 1.74% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 1.69% |
| AVEE | Avantis Emerging Markets Small Cap Equity ETF | 1.27% |
| Bottom Performers | ||
| EFAS | Global X MSCI SuperDividend EAFE ETF | -4.18% |
| IDV | iShares International Select Dividend ETF | -3.45% |
| XIDV | Franklin International Dividend Booster Index ETF | -3.45% |
| IDOG | ALPS International Sector Dividend Dogs ETF | -3.13% |
| BAIV | Brown Advisory International Value Select ETF | -3.13% |
Analyzing the Weekly Flows
Weekly net flows totaled $4,703M, led overwhelmingly by Global Ex-U.S. Large Cap – Blend, which gathered $5,036M and continues to dominate longer-term trends with $129,365M YTD and $169,611M over one year. Global Ex-U.S. Large Cap – Value added a modest $300M while Small | Mid Cap brought in $51M, both consistent with positive multi-period trends. On the outflow side, Emerging Large Cap shed -$592M for the week despite strong YTD inflows of $53,522M, and Global Ex-U.S. Large Cap – Growth lost -$87M as its 30-day trend also turned negative at -$794M. Emerging Small | Mid Cap remained the smallest and most consistently negative category, losing -$3M for the week and -$245M YTD.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 133 | $1,170.04B | $5,036M | $20,914M | $42,137M | $129,365M | $169,611M |
| Global Ex-U.S. Large Cap – Value | 56 | $152.52B | $300M | $1,896M | $12,415M | $22,595M | $26,993M |
| Global Ex-U.S. Small | Mid Cap | 23 | $69.61B | $51M | $297M | -$1,945M | $3,455M | $8,200M |
| Emerging Small | Mid Cap | 7 | $3.12B | -$3M | -$56M | -$133M | -$245M | -$253M |
| Global Ex-U.S. Large Cap – Growth | 31 | $49.22B | -$87M | -$794M | $75M | $9,228M | $10,186M |
| Emerging Large Cap | 106 | $487.63B | -$592M | $1,251M | $13,586M | $53,522M | $69,665M |
Top & Bottom 5 ETFs by 5-Day Flow
iShares MSCI ACWI ex U.S. ETF (ACWX) led all funds with $1,569M in weekly inflows, followed by Vanguard Total International Stock ETF (VXUS) at $733M and iShares Core MSCI EAFE ETF (IEFA) at $484M. On the redemption side, iShares Core MSCI Emerging Markets ETF (IEMG) posted the largest outflow at -$883M, well ahead of iShares MSCI EAFE Growth ETF (EFG) at -$289M. These flows suggest a rotation toward broad developed-market blend exposure away from core emerging markets and growth-tilted allocations.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| ACWX | iShares MSCI ACWI ex U.S. ETF | $1,569M |
| VXUS | Vanguard Total International Stock ETF | $733M |
| IEFA | iShares Core MSCI EAFE ETF | $484M |
| CORO | iShares International Country Rotation Active ETF | $421M |
| AVDE | Avantis International Equity ETF | $418M |
| Outflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | -$883M |
| EFG | iShares MSCI EAFE Growth ETF | -$289M |
| EEM | iShares MSCI Emerging Markets ETF | -$90M |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | -$61M |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | -$22M |
Issuer League Table Update
iShares retained the top market share position at 38.42% ($742.30B), followed by Vanguard at 32.83% ($634.34B), together commanding more than 71% of channel assets. iShares also led weekly inflow gathering with $1,612M, followed by Vanguard at $873M and Avantis at $528M, reflecting continued concentration of flows among the largest providers. On the outflow side, Harbor recorded the largest weekly redemption at -$16M, a modest figure relative to overall channel flows, followed by Neuberger Berman at -$5M and AB Funds at -$4M. The data indicates outflows were isolated to smaller issuers while the largest managers continued to attract net new capital.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $742.30B | 38.42% |
| Vanguard | 11 | $634.34B | 32.83% |
| Schwab | 7 | $127.07B | 6.58% |
| Dimensional | 15 | $109.27B | 5.66% |
| Avantis | 12 | $73.78B | 3.82% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $1,612M |
| Vanguard | $873M |
| Avantis | $528M |
| Outflows | |
| Harbor | -$16M |
| Neuberger Berman | -$5M |
| AB Funds | -$4M |
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.
