Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel, encompassing 338 ETFs across 92 issuers, currently holds a formidable $1,844B in total Assets Under Management (AUM). In the past week, the space attracted a robust $2.96B in net inflows. This weekly momentum builds on a strong long-term trajectory, with Year-to-Date (YTD) flows reaching $122.45B and 1-Year flows hitting $255.43B, indicating sustained investor appetite for international equities.
This Week’s Performance Leaders and Laggards
Global Ex-U.S. ETFs faced broad headwinds this week, with the Global Ex-U.S. Large Cap – Value category demonstrating the most resilience, retreating just -0.81% Week-to-Date (WTD) while still boasting a 9.84% Year-to-Date (YTD) gain. Conversely, Emerging Small | Mid Cap bore the brunt of the sell-off, dropping -3.28% WTD, though it maintains a solid 13.10% YTD return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month* | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Value | -0.81% | -0.08% | 0.11% | 13.75% | 9.84% | 31.10% |
| Global Ex-U.S. Small | Mid Cap | -1.39% | 0.73% | 0.62% | 15.44% | 10.63% | 34.33% |
| Global Ex-U.S. Large Cap – Blend | -1.86% | -0.17% | -0.28% | 10.58% | 7.76% | 24.01% |
| Global Ex-U.S. Large Cap – Growth | -2.69% | -0.68% | -0.44% | 8.24% | 5.97% | 19.79% |
| Emerging Large Cap | -2.69% | 4.24% | 6.63% | 20.74% | 18.46% | 41.88% |
| Emerging Small | Mid Cap | -3.28% | 1.31% | 4.24% | 13.03% | 13.10% | 27.21% |
Looking at individual fund performance, the LVHI (Franklin International Low Volatility High Dividend Index ETF) was a standout in the Global Ex-U.S. segment, bucking the trend to post a 1.41% WTD gain. Within Emerging Markets, the EFFE (Harbor Osmosis Emerging Markets Resource Efficient ETF) held up best, declining only -0.56%. On the downside, PIZ (Invesco Dorsey Wright Developed Markets Momentum ETF) and IPOS (Renaissance International IPO ETF) were among the weakest performers overall, falling -5.05% and -4.92%, respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| LVHI | Franklin International Low Volatility High Dividend Index ETF | 1.41% |
| FYLD | Cambria Foreign Shareholder Yield ETF | 1.15% |
| FIDI | Fidelity International High Dividend ETF | 0.37% |
| IVAL | Alpha Architect International Quantitative Value ETF | 0.34% |
| EFAS | Global X MSCI SuperDividend EAFE ETF | 0.32% |
| Bottom Performers | ||
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | -5.05% |
| IPOS | Renaissance International IPO ETF | -4.92% |
| GRIN | VictoryShares International Free Cash Flow Growth ETF | -4.68% |
| BCIL | Bancreek International Large Cap ETF | -4.48% |
| EAFG | Pacer Developed Markets Cash Cows Growth Leaders ETF | -4.25% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EFFE | Harbor Osmosis Emerging Markets Resource Efficient ETF | -0.56% |
| EMMF | WisdomTree Emerging Markets Multifactor Fund | -0.80% |
| PPEM | Putnam PanAgora ESG Emerging Markets Equity ETF | -1.19% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | -1.53% |
| DIEM | Franklin Emerging Market Core Dividend Tilt Index ETF | -1.57% |
| Bottom Performers | ||
| EMSF | Matthews Emerging Markets Sustainable Future Active ETF | -4.68% |
| MEMS | Matthews Emerging Markets Discovery Active ETF | -4.57% |
| RISE | Pictet Emerging Markets Rising Economies ETF | -4.54% |
| BCHI | GMO Beyond China ETF | -3.99% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -3.98% |
Analyzing the Weekly Flows
The channel saw a notable influx of $2.96B over the past five days. The Global Ex-U.S. Large Cap – Blend category was the primary magnet for capital, gathering an impressive $2,458M and pushing its total AUM past $1,105B. The Global Ex-U.S. Large Cap – Value segment also saw healthy additions of $375M. Meanwhile, the Global Ex-U.S. Small | Mid Cap category experienced the largest withdrawals, bleeding $249M 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 | 124 | $1,105.18B | $2,458M | $9,104M | $38,993M | $62,527M | $143,927M |
| Global Ex-U.S. Large Cap – Value | 55 | $143.2B | $375M | $2,721M | $6,823M | $12,635M | $26,387M |
| Emerging Large Cap | 104 | $474.6B | $309M | $2,799M | $12,044M | $36,469M | $67,169M |
| Global Ex-U.S. Large Cap – Growth | 27 | $47.3B | $71M | $495M | $6,485M | $7,300M | $7,039M |
| Emerging Small | Mid Cap | 6 | $3.4B | $0M | -$18M | -$51M | -$83M | -$205M |
| Global Ex-U.S. Small | Mid Cap | 20 | $70.6B | -$249M | -$148M | $1,697M | $3,601M | $11,119M |
Zooming in on specific products, the IEFA (iShares Core MSCI EAFE ETF) led the Global Ex-U.S. cohort with massive $388M inflows, while AVEM (Avantis Emerging Markets Equity ETF) dominated the Emerging Market space with $203M in fresh capital. On the outflow side, the FNDC (Schwab Fundamental International Small Equity ETF) and ESGE (iShares ESG Aware MSCI EM ETF) shed the most assets across the overall channel, losing $281M and $43M respectively.
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 | $388M |
| VXUS | Vanguard Total International Stock ETF | $314M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $313M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $294M |
| AVDE | Avantis International Equity ETF | $236M |
| Outflows | ||
| FNDC | Schwab Fundamental International Small Equity ETF | -$281M |
| GVAL | Cambria Global Value ETF | -$34M |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | -$21M |
| PDN | Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF | -$19M |
| JHMD | John Hancock Multifactor Developed International ETF | -$18M |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| AVEM | Avantis Emerging Markets Equity ETF | $203M |
| CGNG | Capital Group New Geography Equity ETF | $25M |
| EMOP | AB Emerging Markets Opportunities ETF | $23M |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | $22M |
| SEEM | SEI Select Emerging Markets Equity ETF | $14M |
| Outflows | ||
| ESGE | iShares ESG Aware MSCI EM ETF | -$43M |
| RWEM | Rayliant NxtGen Multifactor Emerging Markets ETF | -$14M |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | -$12M |
| TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index Fund | -$8M |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | -$3M |
Issuer League Table Update
The issuer landscape remains highly concentrated at the top. iShares and Vanguard maintain their dominance, holding 38.72% and 33.20% of the market share, respectively. iShares not only holds the most assets but also captured the most weekly net new money at $1,144M. Conversely, Schwab faced the heaviest redemptions, seeing outflows of $283M over the past five days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $714.07B | 38.72% |
| Vanguard | 11 | $612.24B | 33.20% |
| Schwab | 7 | $122.33B | 6.63% |
| Dimensional | 15 | $101.36B | 5.50% |
| Avantis | 12 | $66.40B | 3.60% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $1,144M |
| Vanguard | $659M |
| Avantis | $480M |
| Outflows | |
| Schwab | -$283M |
| Cambria | -$23M |
| Rayliant | -$21M |
For a deeper dive into these trends, access our FREE, in-depth Global Ex-U.S. 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.
