Weekly Channel Summary
The Global Ex-U.S. Size & Style channel encompasses 345 ETFs from 97 issuers, with total assets under management standing at $1.86 trillion. Investors added a net $5.13 billion to the channel over the past week, contributing to a year-to-date inflow of $161.95 billion. Over the last twelve months, the channel has accumulated over $263.37 billion in new assets.
This Week’s Performance Leaders and Laggards
Global Ex-U.S. Large Cap Value was the only category to post a positive return this week, gaining a modest 0.20%. This group has performed well year-to-date, up 13.87%. In contrast, emerging market categories suffered the most significant declines, with Emerging Small | Mid Cap and Emerging Large Cap falling by 4.61% and 4.59%, respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Value | 0.20% | 0.95% | 1.82% | 10.25% | 13.87% | 31.51% |
| Global Ex-U.S. Small | Mid Cap | -1.23% | -2.68% | -3.25% | 3.71% | 8.41% | 22.07% |
| Global Ex-U.S. Large Cap – Blend | -1.59% | -1.76% | 0.46% | 6.68% | 10.99% | 23.62% |
| Global Ex-U.S. Large Cap – Growth | -1.84% | -2.09% | 0.39% | 3.52% | 7.83% | 15.70% |
| Emerging Large Cap | -4.59% | -5.84% | -0.73% | 8.23% | 13.73% | 26.48% |
| Emerging Small | Mid Cap | -4.61% | -4.75% | -4.74% | 5.06% | 8.72% | 13.41% |
Top & Bottom 5 ETFs by Weekly Performance
Dividend-focused strategies led performance, with the Global X MSCI SuperDividend EAFE ETF (EFAS) rising 2.65% for the week. Several other dividend funds, including FGD and IDV, also ranked among the top performers. At the other end of the spectrum, the Invesco S&P Emerging Markets Momentum ETF (EEMO) experienced the steepest drop, declining by 9.48%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EFAS | Global X MSCI SuperDividend EAFE ETF | 2.65% |
| FGD | First Trust Dow Jones Global Select Dividend Index Fund | 2.64% |
| BAIV | Brown Advisory International Value Select ETF | 2.25% |
| IDV | iShares International Select Dividend ETF | 2.21% |
| FIDI | Fidelity International High Dividend ETF | 2.12% |
| Bottom Performers | ||
| EEMO | Invesco S&P Emerging Markets Momentum ETF | -9.48% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | -8.55% |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | -8.40% |
| FPXI | First Trust International Equity Opportunities ETF | -7.63% |
| EMSF | Matthews Emerging Markets Sustainable Future Active ETF | -7.51% |
Analyzing the Weekly Flows
Despite mixed performance, the channel saw robust inflows of $5.13 billion for the week. Global Ex-U.S. Large Cap Blend funds led the way, attracting nearly $2.18 billion in new capital. Investors also showed strong interest in Global Ex-U.S. Large Cap Value and Emerging Large Cap funds, which gathered $1.82 billion and $1.54 billion, respectively. Conversely, the Global Ex-U.S. Small | Mid Cap category was the only segment to see significant redemptions, losing $553 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 127 | $1,130.60B | $2,179M | $13,630M | $38,127M | $92,729M | $159,197M |
| Global Ex-U.S. Large Cap – Value | 55 | $144.39B | $1,816M | $4,428M | $3,988M | $14,079M | $21,004M |
| Emerging Large Cap | 105 | $463.51B | $1,537M | $4,284M | $7,570M | $42,125M | $65,088M |
| Global Ex-U.S. Large Cap – Growth | 29 | $49.76B | $153M | $715M | $2,590M | $9,493M | $8,398M |
| Emerging Small | Mid Cap | 7 | $3.26B | $0M | -$11M | -$60M | -$125M | -$200M |
| Global Ex-U.S. Small | Mid Cap | 22 | $67.73B | -$553M | -$1,491M | -$84M | $3,644M | $9,886M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares MSCI EAFE Value ETF (EFV) was the standout inflow leader, pulling in a massive $1.47 billion. The Vanguard FTSE Emerging Markets ETF (VWO) also saw strong demand, adding $964 million. On the other hand, small-cap focused funds faced the largest withdrawals, led by the iShares MSCI EAFE Small-Cap ETF (SCZ) with $383 million in outflows and the Avantis International Small Cap Value ETF (AVDV) with $162 million in redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| EFV | iShares MSCI EAFE Value ETF | $1,471M |
| VWO | Vanguard FTSE Emerging Markets ETF | $964M |
| VXUS | Vanguard Total International Stock ETF | $479M |
| AVEM | Avantis Emerging Markets Equity ETF | $272M |
| IDEV | iShares Core MSCI International Developed Markets ETF | $269M |
| Outflows | ||
| SCZ | iShares MSCI EAFE Small-Cap ETF | -$383M |
| AVDV | Avantis International Small Cap Value ETF | -$162M |
| EFA | iShares MSCI EAFE ETF | -$125M |
| IDV | iShares International Select Dividend ETF | -$66M |
| JIRE | JPMorgan International Research Enhanced Equity ETF | -$33M |
Issuer League Table Update
The issuer landscape remains dominated by iShares and Vanguard, which control 38.19% and 33.26% of the channel’s market share, respectively. This week, Vanguard led all issuers in asset gathering, securing $1.77 billion in net inflows, with iShares following closely behind at $1.55 billion. WisdomTree recorded the largest net outflows among issuers, with investors pulling $23 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $710.02B | 38.19% |
| Vanguard | 11 | $618.30B | 33.26% |
| Schwab | 7 | $123.41B | 6.64% |
| Dimensional | 15 | $104.81B | 5.64% |
| Avantis | 12 | $67.33B | 3.62% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,770M |
| iShares | $1,553M |
| Dimensional | $248M |
| Outflows | |
| WisdomTree | -$23M |
| Sparkline | -$1M |
| GMO | -$0M |
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.
