Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel continues to show significant scale and investor interest, currently managing $1,724B in total assets across 326 ETFs from 89 different brands. This past week saw a healthy injection of capital with $5.75B in net inflows. This momentum contributes to a robust Year-to-Date (YTD) flow of $62.17B and a staggering 1-year total of $224.26B, highlighting a sustained shift toward international equity exposure.
This Week’s Performance Leaders and Laggards
Performance was broadly positive across the channel this week, led by Large Cap – Growth and Emerging Small | Mid Cap categories, both returning 1.23%. The Large Cap – Value segment was the primary laggard for the week, though it still managed a positive return of 0.90%. Despite being the weekly laggard, the Value category maintains a dominant YTD lead at 10.75%, nearly double the performance of its Growth counterpart.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Large Cap – Growth | 1.23% | 4.18% | 13.83% | 14.16% | 7.61% | 24.08% |
| Emerging Small | Mid Cap | 1.23% | 6.12% | 11.98% | 12.70% | 9.86% | 26.69% |
| Emerging Large Cap | 1.22% | 7.13% | 16.22% | 24.43% | 12.27% | 39.45% |
| Small | Mid Cap | 1.19% | 7.57% | 19.38% | 20.14% | 11.25% | 45.18% |
| Large Cap – Blend | 1.00% | 6.19% | 15.64% | 16.37% | 8.99% | 32.75% |
| Large Cap – Value | 0.90% | 8.12% | 18.07% | 19.57% | 10.75% | 42.87% |
At the fund level, the IDMO (Invesco S&P International Developed Momentum ETF) led the Global Ex-U.S. segment with a 2.87% return. In Emerging Markets, the EMXC (iShares MSCI Emerging Markets ex China ETF) took the top spot, gaining 2.60%. On the downside, the IPOS (Renaissance International IPO ETF) was the channel’s biggest laggard, dropping -1.16%, followed by DTAN (Sparkline International Intangible Value ETF) at -0.62%.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IDMO | Invesco S&P International Developed Momentum ETF | 2.87% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | 2.26% |
| FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX Fund | 2.24% |
| EFAS | Global X MSCI SuperDividend EAFE ETF | 2.22% |
| IMFL | Invesco International Developed Dynamic Multifactor ETF | 2.19% |
| Bottom Performers | ||
| IPOS | Renaissance International IPO ETF | -1.16% |
| DTAN | Sparkline International Intangible Value ETF | -0.62% |
| VIGI | Vanguard International Dividend Appreciation ETF | -0.31% |
| ABLG | Abacus FCF International Leaders ETF | -0.21% |
| DWX | State Street SPDR S&P International Dividend ETF | -0.08% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EMXC | iShares MSCI Emerging Markets ex China ETF | 2.60% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 2.41% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 2.37% |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | 2.36% |
| MEMS | Matthews Emerging Markets Discovery Active ETF | 2.33% |
| Bottom Performers | ||
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | -0.43% |
| ECOW | Pacer Emerging Markets Cash Cows 100 ETF | -0.15% |
| SCHE | Schwab Emerging Markets Equity ETF | -0.11% |
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | -0.01% |
| EWX | State Street SPDR S&P Emerging Markets Small Cap ETF | 0.04% |
Analyzing the Weekly Flows
The channel attracted $5.75B in net flows this week. The Large Cap – Blend category was the clear favorite, bringing in $2,922M and cementing its status as the channel giant with $1,050.6B in AUM. Emerging Large Cap also saw substantial interest with $1,397M in weekly inflows. Notably, the Emerging Small | Mid Cap category was the only segment to experience net outflows this week, losing $3M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Large Cap – Blend | 121 | $1,050.6B | $2,922M | $19,395M | $49,995M | $26,452M | $130,581M |
| Emerging Large Cap | 100 | $426.1B | $1,397M | $15,621M | $34,582M | $25,802M | $62,183M |
| Large Cap – Value | 52 | $135.9B | $1,213M | $5,197M | $9,744M | $7,004M | $24,722M |
| Large Cap – Growth | 26 | $40.5B | $143M | $658M | $1,643M | $959M | ($2,214M) |
| Small | Mid Cap | 19 | $68.0B | $71M | $1,479M | $3,559M | $1,976M | $9,310M |
| Emerging Small | Mid Cap | 6 | $3.3B | $3M | ($33M) | ($62M) | ($29M) | ($334M) |
In the Global Ex-U.S. segment, the VXUS (Vanguard Total International Stock ETF) led all inflows with $572M. For Emerging Markets, the VWO (Vanguard FTSE Emerging Markets ETF) dominated with $949M in new capital. Conversely, the largest outflows were seen in the VIGI (Vanguard International Dividend Appreciation ETF), which lost $100M, and ABLG (Abacus FCF International Leaders ETF), which saw $3M in withdrawals.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VXUS | Vanguard Total International Stock ETF | $572M |
| VEA | Vanguard FTSE Developed Markets ETF | $554M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $308M |
| FENI | Fidelity Enhanced International ETF | $259M |
| EFV | iShares MSCI EAFE Value ETF | $220M |
| Outflows | ||
| VIGI | Vanguard International Dividend Appreciation ETF | ($100M) |
| ABLG | Abacus FCF International Leaders ETF | ($3M) |
| MTRA | Invesco International Growth Focus ETF | ($3M) |
| EFAS | Global X MSCI SuperDividend EAFE ETF | $0M |
| VNIE | Vontobel International Equity Active ETF | $0M |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VWO | Vanguard FTSE Emerging Markets ETF | $949M |
| EMXC | iShares MSCI Emerging Markets ex China ETF | $67M |
| FRDM | Freedom 100 Emerging Markets ETF | $57M |
| FDEM | Fidelity Emerging Markets Multifactor ETF | $34M |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | $33M |
| Outflows | ||
| TEMX | Touchstone Sands Capital Emerging Markets ETF | ($1M) |
| EMC | Global X Emerging Markets Great Consumer ETF | $0M |
| RWEM | Rayliant Wilshire NxtGen Emerging Markets Equity ETF | $0M |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | $0M |
| AGEM | abrdn Emerging Markets Dividend Active ETF | $0M |
Issuer League Table Update
The competitive landscape is dominated by iShares and Vanguard, who together control 72.43% of the channel’s total AUM. Vanguard was the week’s primary beneficiary of new money, gathering $2,208M in net inflows. Among the top five issuers, State Street saw the leanest week, with only $5M in weekly inflows, while Abacus (ranked lower by AUM) experienced the largest relative hit with $3M in outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $668.13B | 38.74% |
| Vanguard | 9 | $580.97B | 33.69% |
| Schwab | 7 | $116.37B | 6.75% |
| Dimensional | 15 | $94.28B | 5.47% |
| State Street | 12 | $62.56B | 3.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $2,208M |
| iShares | $970M |
| Fidelity | $558M |
| Outflows | |
| Abacus | -$3M |
| AllianceBernstein | $0M |
| American Century | $0M |
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.
