Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, comprising 319 ETFs from 90 issuers, holds a total of $1,469B in assets under management. This past week, the channel saw significant net inflows of $5.93B, contributing to a year-to-date flow of $130.60B and a 1-year total of $149.37B.
This Week’s Performance Leaders and Laggards
This week, performance was led by the Global Ex-U.S. Large Cap – Value category, which posted a 1.80% return, continuing its strong year-to-date performance of 33.23%. The primary laggard was the Emerging Large Cap category, which gained just 0.45% week-to-date, though it remains up 27.41% for the year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Global Ex-U.S. Large Cap – Value | 1.80% | 3.84% | 5.10% | 15.66% | 33.23% | 32.74% |
| Equity: Global Ex-U.S. Small | Mid Cap | 1.29% | 1.14% | 3.21% | 16.04% | 30.87% | 30.97% |
| Equity: Global Ex-U.S. Large Cap – Blend | 1.20% | 2.14% | 4.51% | 12.98% | 27.40% | 26.25% |
| Equity: Global Ex-U.S. Large Cap – Growth | 0.88% | 0.81% | 3.46% | 9.47% | 21.16% | 19.88% |
| Equity: Emerging Small | Mid Cap | 0.68% | 2.21% | 2.62% | 12.68% | 16.54% | 16.97% |
| Equity: Emerging Large Cap | 0.45% | 3.62% | 7.96% | 17.28% | 27.41% | 26.72% |
Among individual ETFs, the top-performing Global Ex-U.S. fund was the Alpha Architect International Quantitative Momentum ETF (IMOM), which gained 3.94%. In the Emerging Markets segment, the Invesco S&P Emerging Markets Momentum ETF (EEMO) led with a 2.05% return. The worst-performing ETFs this week were the Renaissance International IPO ETF (IPOS), down -2.06%, and the Pictet Al Enhanced International Equity ETF (PQNT), which fell -1.04%.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IMOM | Alpha Architect International Quantitative Momentum ETF | 3.94% |
| IFLO | VictoryShares International Free Cash Flow ETF | 3.04% |
| FIVA | Fidelity International Value Factor ETF | 2.90% |
| DFIV | Dimensional International Value ETF | 2.74% |
| UIVM | VictoryShares International Value Momentum ETF | 2.71% |
| Bottom Performers | ||
| IPOS | Renaissance International IPO ETF | -2.06% |
| PQNT | Pictet Al Enhanced International Equity ETF | -1.04% |
| EFG | iShares MSCI EAFE Growth ETF | -0.65% |
| PCIG | Polen Capital International Growth ETF | -0.58% |
| TXUG | Thornburg International Growth Fund ETF | -0.58% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 2.05% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 1.63% |
| AVES | Avantis Emerging Markets Value ETF | 1.55% |
| PCEM | Polen Capital Emerging Markets ex China Growth ETF | 1.49% |
| EYLD | Cambria Emerging Shareholder Yield ETF | 1.39% |
| Bottom Performers | ||
| EEM | iShares MSCI Emerging Markets ETF | -1.16% |
| EMGF | iShares Emerging Markets Equity Factor ETF | -1.14% |
| TEMX | Touchstone Sands Capital Emerging Markets ex-China Growth ETF | -1.05% |
| IEMG | iShares Core MSCI Emerging Markets ETF | -1.00% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | -0.88% |
Analyzing the Weekly Flows
The channel experienced strong positive flows this week, attracting a total of $5.93B in net new assets. All categories saw net inflows, with ‘Global Ex-U.S. Large Cap – Blend’ leading the pack, pulling in $2.77B into its $903.3B AUM. ‘Emerging Large Cap’ also saw significant interest, gathering $1.94B in new assets. No category experienced net outflows for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 115 | $903.3B | $2,773M | $12,298M | $31,139M | $86,978M | $99,272M |
| Emerging Large Cap | 100 | $358.4B | $1,935M | $5,675M | $10,983M | $25,638M | $28,329M |
| Global Ex-U.S. Large Cap – Value | 51 | $111.6B | $565M | $1,716M | $3,063M | $15,720M | $17,724M |
| Global Ex-U.S. Small | Mid Cap | 19 | $56.2B | $552M | $3,051M | $3,582M | $6,245M | $7,127M |
| Global Ex-U.S. Large Cap – Growth | 27 | $36.5B | $96M | $191M | ($2,186M) | ($3,527M) | ($2,479M) |
| Emerging Small | Mid Cap | 6 | $3.2B | $9M | $35M | ($8M) | ($456M) | ($603M) |
On the individual ETF level, the iShares Core MSCI EAFE ETF (IEFA) dominated Global Ex-U.S. inflows, attracting $1.33B. For Emerging Markets, the iShares Core MSCI Emerging Markets ETF (IEMG) led with $1.18B in new assets. The largest outflows were seen in the Xtrackers MSCI Emerging Markets Climate Sel.. (EMCS), which lost ($111M), and the Vanguard FTSE All-World ex-US Small-Cap ETF (VSS), with ($43M) in outflows.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEFA | iShares Core MSCI EAFE ETF | $1,334M |
| VXUS | Vanguard Total International Stock ETF | $798M |
| AVDV | Avantis International Small Cap Value ETF | $296M |
| SCZ | iShares MSCI EAFE Small-Cap ETF | $229M |
| DFIV | Dimensional International Value ETF | $195M |
| Outflows | ||
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | ($43M) |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | ($26M) |
| FNDC | Schwab Fundamental International Small Equit.. | ($22M) |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | ($20M) |
| IHDG | WisdomTree International Hedged Quality Di… | ($19M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $1,179M |
| VWO | Vanguard FTSE Emerging Markets ETF | $387M |
| SPEM | SPDR Portfolio Emerging Markets ETF | $153M |
| AVEM | Avantis Emerging Markets Equity ETF | $78M |
| DFEM | Dimensional Emerging Markets Core Equity 2.. | $63M |
| Outflows | ||
| EMCS | Xtrackers MSCI Emerging Markets Climate Sel.. | ($111M) |
| EEMV | iShares MSCI Emerging Markets Min Vol Fact.. | ($26M) |
| XCEM | Columbia EM Core ex-China ETF | ($14M) |
| FEMS | First Trust Emerging Markets Small Cap Alpha | ($4M) |
| KEMX | KraneShares MSCI Emerging Markets EX Chin.. | $0M |
Issuer League Table Update
iShares and Vanguard continue to dominate the issuer landscape, holding 39.36% and 33.56% of the market share, respectively. This week, iShares also led in asset gathering, pulling in $2.89B in net new flows. Among the top issuers, Xtrackers saw the largest outflows, at ($131M).
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $578.32B | 39.36% |
| Vanguard | 9 | $493.03B | 33.56% |
| Schwab | 7 | $101.94B | 6.94% |
| Dimensional | 15 | $78.87B | 5.37% |
| SPDR | 12 | $54.62B | 3.72% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $2,888M |
| Vanguard | $1,273M |
| Dimensional | $529M |
| Outflows | |
| Xtrackers | ($131M) |
| WisdomTree | ($19M) |
| Columbia | ($14M) |
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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.
