Global Small Caps Lead, Growth Attracts Fresh Capital

Posted on by ETF Action
Share

Market Overview

The Global Size & Style ETF market, a significant channel in the global investment landscape, comprises 78 ETFs from 55 issuers, with total assets under management (AUM) of $128 billion. This week, the market was characterized by a clear divergence in performance, with small and mid-cap equities outperforming their large-cap counterparts. In terms of fund flows, investors showed a renewed appetite for growth-oriented strategies, pouring fresh capital into the segment. The channel saw total net inflows of $320 million over the past five days, contributing to a year-to-date (YTD) total of $9.77 billion and a one-year total of $17.95 billion.

Weekly Performance & Flows Recap

This week’s performance was led by the Global Small | Mid Cap segment, which posted a week-to-date (WTD) return of +2.16%. In contrast, the weakest performing segment was Global Large Cap – Growth, with a WTD return of +0.48%. Over a one-year period, the Global Small | Mid Cap category has been the top performer.

The channel experienced a total 5-day net inflow of $322 million. The Global Large Cap – Growth category attracted the most capital with a 5-day inflow of $257 million, bringing its YTD total to $1.50 billion. On the other hand, the Global Large Cap – Blend category saw the most significant withdrawals, with a 5-day outflow of -$3 million, though it still maintains a strong YTD inflow of $8.01 billion.

Global Market Breakdown | AUM: $128.4B

  • Returns:
    • Large Cap – Growth: WTD: +0.48% | 3-Month: +6.68% | YTD: +8.94%
    • Large Cap – Blend: WTD: +0.81% | 3-Month: +9.17% | YTD: +14.15%
    • Large Cap – Value: WTD: +1.51% | 3-Month: +9.87% | YTD: +18.48%
    • Small | Mid Cap: WTD: +2.16% | 3-Month: +10.57% | YTD: +16.84%
  • Top 3 Performers (WTD):
    • Pacer Cash Cows Fund of Funds ETF (HERD): +2.28%
    • Davis Select Worldwide ETF (DWLD): +2.15%
    • Tweedy Browne Insider + Value ETF Trust Units (COPY): +2.09%
  • Bottom 3 Performers (WTD):
    • Intelligent Livermore ETF (LIVR): -0.32%
    • Pacer MSCI World Industry Advantage ETF (GLBL): -0.05%
    • Xtrackers US National Critical Technologies ETF (CRTC): +0.01%
  • Flows:
    • Large Cap – Growth: 5-Day: +$257M | 90-Day: +$758M | YTD: +$1,495M
    • Large Cap – Blend: 5-Day: -$3M | 90-Day: +$4,257M | YTD: +$8,007M
    • Large Cap – Value: 5-Day: +$10M | 90-Day: +$26M | YTD: -$568M
    • Small | Mid Cap: 5-Day: +$58M | 90-Day: +$222M | YTD: +$835M
  • Top 3 Inflows (5-Day):
    • Capital Group Global Equity ETF (CGGE): +$295M
    • Capital Group Global Growth Equity ETF (CGGO): +$255M
    • Capital Group Dividend Growers ETF (CGDG): +$109M
  • Top 3 Outflows (5-Day):
    • iShares MSCI ACWI ETF (ACWI): -$424M
    • JPMorgan Global Select Equity ETF (JGLO): -$12M
    • Intelligent Livermore ETF (LIVR): -$10M

Issuer and Product Landscape

Market Share: The top three issuers by AUM market share are Vanguard (40.41%), iShares (31.21%), and Capital Group (8.53%).

Issuer Flows: Capital Group attracted the most absolute net inflows over the past week.

Product Development: In the past three months, there have been 5 new ETF launches, with Bluemonte, Invesco, Rainwater, Russell Investments, and T. Rowe Price each launching one new product. There was 1 ETF closure from Faith Investor Services.

  • Weekly Issuer Flow Leaders (Absolute):
  • Top 3 Inflows:
    1. Capital Group: 5-Day: +$659M | 30-Day: +$1,081M | YTD: +$3.67B
    2. First Eagle: 5-Day: +$23M | 30-Day: +$102M | YTD: +$0.44B
    3. Dimensional: 5-Day: +$7M | 30-Day: +$28M | YTD: +$0.20B
  • Top 3 Outflows:
    1. iShares: 5-Day: -$367M | 30-Day: -$665M | YTD: +$0.05B
    2. JPMorgan: 5-Day: -$12M | 30-Day: -$7M | YTD: +$0.07B
    3. Intelligent Investor: 5-Day: -$10M | 30-Day: -$1M | YTD: +$0.00B

For a detailed breakdown of all data, including individual fund performance and flows, please refer to the full ETF Action weekly reports.

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.

Related Posts