Weekly Channel Summary
The Size & Style – Global Ex-U.S. channel comprises 361 ETFs from 106 issuers holding roughly $1,884.81B in total assets. Net flows were positive on all horizons shown, with $6,947M added over the past five trading days, $243,252M year-to-date, and $291,520M over the trailing year. These figures underscore sustained investor commitment to international equity exposure despite a choppy week for returns.
This Week’s Performance Leaders and Laggards
On a week-to-date basis, performance across the channel’s seven categories was mostly negative, with only Global Large Cap – Value (n=1) posting a gain of 0.68%. Global Ex-U.S. Large Cap – Value held up relatively well at -1.13% WTD and remains the standout over longer horizons, up 14.28% YTD and 21.61% over the trailing year. At the other end, Global Ex-U.S. Large Cap – Growth was the weakest performer this week at -2.26%, though it still shows a 4.69% YTD gain. Emerging Large Cap and Emerging Small | Mid Cap also lagged, falling 2.10% and 1.61% respectively, with Emerging Small | Mid Cap notably weak across all trailing windows including a -11.83% six-month return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Large Cap – Value | 0.68% | — | — | — | — | — |
| Global Ex-U.S. Large Cap – Value | -1.13% | -0.56% | -3.10% | 1.35% | 14.28% | 21.61% |
| Emerging Small | Mid Cap | -1.61% | -11.24% | -8.75% | -11.83% | 1.58% | 2.96% |
| Global Ex-U.S. Large Cap – Blend | -1.79% | -3.92% | -5.38% | -2.80% | 8.82% | 13.60% |
| Global Ex-U.S. Small | Mid Cap | -2.09% | -5.17% | -5.30% | -4.47% | 7.59% | 14.71% |
| Emerging Large Cap | -2.10% | -11.53% | -8.16% | -10.13% | 7.70% | 9.16% |
| Global Ex-U.S. Large Cap – Growth | -2.26% | -4.68% | -6.43% | -3.45% | 4.69% | 7.87% |
Top & Bottom 5 ETFs by Weekly Performance
BKF led all funds this week with a 5.41% gain, followed by XC at 3.56% and DINT at 3.09%, pointing to selective strength in emerging and international value-oriented strategies. On the downside, EEMO dropped 11.94% and PIE declined 10.80%, both emerging markets momentum strategies that bore the brunt of this week’s reversal. The dispersion between top and bottom performers, exceeding 17 percentage points, highlights the volatility concentrated in momentum-factor emerging markets products this week. Broader category trends suggest value and diversified EM exposures outperformed narrower momentum and small/mid-cap strategies.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BKF | iShares MSCI BIC ETF | 5.41% |
| XC | WisdomTree True Emerging Markets Fund | 3.56% |
| DINT | Davis Select International ETF | 3.09% |
| BINV | Brandes International ETF | 2.75% |
| RISE | Pictet Emerging Markets Rising Economies ETF | 2.70% |
| Bottom Performers | ||
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -11.94% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | -10.80% |
| WBEM | William Blair Emerging Markets Equity ETF | -5.93% |
| XCEM | Columbia EM Core ex-China ETF | -5.68% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | -5.59% |
Analyzing the Weekly Flows
The channel attracted $6,947M in net inflows over the past five trading days, led decisively by Global Ex-U.S. Large Cap – Blend, which pulled in $5,237M and continues to dominate flows with $146,304M YTD. Emerging Large Cap and Global Ex-U.S. Large Cap – Value also saw healthy inflows of $756M and $398M respectively, while Global Ex-U.S. Large Cap – Growth and Global Ex-U.S. Small | Mid Cap added smaller but positive sums. Emerging Small | Mid Cap was essentially flat on the week, while Global Large Cap – Value posted the only outflow among categories at -$9M. The flow pattern reinforces a clear preference for broad, blended international exposure over narrower emerging markets or small/mid-cap strategies.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 135 | $1,161.11B | $5,237M | $14,533M | $46,863M | $146,304M | $174,941M |
| Emerging Large Cap | 108 | $440.58B | $756M | $4,629M | $11,042M | $58,167M | $71,435M |
| Global Ex-U.S. Large Cap – Value | 56 | $156.96B | $398M | $2,109M | $7,655M | $24,646M | $27,962M |
| Global Ex-U.S. Large Cap – Growth | 32 | $48.36B | $285M | $684M | $75M | $9,842M | $10,593M |
| Global Ex-U.S. Small | Mid Cap | 23 | $68.06B | $280M | $1,052M | $1,355M | $4,541M | $6,849M |
| Emerging Small | Mid Cap | 6 | $2.88B | $0M | $13M | -$69M | -$237M | -$249M |
| Global Large Cap – Value | 1 | $6.85B | -$9M | -$12M | -$12M | -$12M | -$12M |
Top & Bottom 5 ETFs by 5-Day Flow
Vanguard FTSE Developed Markets ETF (VEA) led all funds with $1,946M in net inflows, followed by iShares Core MSCI EAFE ETF (IEFA) at $679M and iShares Core MSCI Total International Stock ETF (IXUS) at $598M, confirming strong demand for core developed-market building blocks. On the outflow side, First Trust WCM International Equity ETF (WCMI) led redemptions at -$85M, followed by PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) at -$32M. These outflows were modest relative to the scale of inflows into core developed-market funds, indicating the week’s flow activity was heavily concentrated at the top of the fund roster.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VEA | Vanguard FTSE Developed Markets ETF | $1,946M |
| IEFA | iShares Core MSCI EAFE ETF | $679M |
| IXUS | iShares Core MSCI Total International Stock ETF | $598M |
| SPDW | State Street SPDR Portfolio Developed World ex-US ETF | $247M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $244M |
| Outflows | ||
| WCMI | First Trust WCM International Equity ETF | -$85M |
| MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | -$32M |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -$28M |
| GVAL | Cambria Global Value ETF | -$21M |
| IPKW | Invesco International BuyBack Achievers ETF | -$18M |
Issuer League Table Update
iShares and Vanguard remain the dominant forces in this channel, holding 37.76% and 32.56% market share respectively, together accounting for over 70% of total channel assets. Vanguard led weekly inflows with $2,396M, narrowly ahead of iShares at $2,146M, while Avantis added a further $532M to round out the top gainers. On the outflow side, First Trust saw the largest weekly redemptions at -$88M, followed by PIMCO at -$32M and Xtrackers at -$12M. The scale of inflows into the two largest issuers relative to the modest outflows elsewhere underscores continued concentration of investor demand among the largest, most established providers.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 43 | $711.78B | 37.76% |
| Vanguard | 11 | $613.76B | 32.56% |
| Schwab | 7 | $127.38B | 6.76% |
| Dimensional | 15 | $108.76B | 5.77% |
| Avantis | 12 | $70.51B | 3.74% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $2,396M |
| iShares | $2,146M |
| Avantis | $532M |
| Outflows | |
| First Trust | -$88M |
| PIMCO | -$32M |
| Xtrackers | -$12M |
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.
