Weekly Channel Summary
The Global Ex-U.S. Size & Style channel, comprising 346 ETFs from 99 issuers, holds nearly $1.94 trillion in total assets. This past week, investors added a net $4.26 billion, contributing to strong demand throughout the year. Year-to-date net flows have now reached $187.0 billion, while the one-year total stands at a robust $271.4 billion.
This Week’s Performance Leaders and Laggards
Performance was mixed across international equity categories, with a clear preference for emerging markets. The Emerging Large Cap category led all groups with a 0.55% weekly gain, extending its year-to-date return to a leading 19.92%. Conversely, Global Ex-U.S. Large Cap – Growth funds were the weakest performers, declining 0.65% for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Emerging Large Cap | 0.55% | 2.78% | 2.56% | 6.61% | 19.92% | 32.02% |
| Global Ex-U.S. Large Cap – Value | 0.43% | 4.29% | 5.56% | 6.61% | 19.40% | 30.62% |
| Global Ex-U.S. Small | Mid Cap | 0.19% | 6.07% | 3.67% | 3.19% | 16.03% | 26.30% |
| Emerging Small | Mid Cap | -0.12% | 2.67% | -0.11% | 0.68% | 11.94% | 16.16% |
| Global Ex-U.S. Large Cap – Blend | -0.17% | 4.03% | 4.80% | 5.68% | 16.63% | 25.84% |
| Global Ex-U.S. Large Cap – Growth | -0.65% | 3.69% | 5.06% | 5.01% | 13.06% | 19.82% |
Top & Bottom 5 ETFs by Weekly Performance
At the individual fund level, the iShares Emerging Markets Dividend ETF (DVYE) delivered a standout return of 4.57%. This gain significantly outpaced the broader emerging markets category. On the other end of the spectrum, the PGIM Jennison Focused International Equity ETF (PJIO) was the week’s biggest laggard, falling 2.41%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DVYE | iShares Emerging Markets Dividend ETF | 4.57% |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 3.82% |
| IFLO | VictoryShares International Free Cash Flow ETF | 3.53% |
| RISE | Pictet Emerging Markets Rising Economies ETF | 3.48% |
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | 3.20% |
| Bottom Performers | ||
| PJIO | PGIM Jennison Focused International Equity ETF | -2.41% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | -2.04% |
| TXUG | Thornburg International Growth Fund ETF | -1.84% |
| VNIE | Vontobel International Equity Active ETF | -1.78% |
| FFDI | Fidelity Fundamental Developed International ETF | -1.69% |
Analyzing the Weekly Flows
Investors demonstrated strong demand for international equities, pouring a net $4.26 billion into the channel. Global Ex-U.S. Large Cap – Blend funds attracted the most capital, gathering over $2.0 billion for the week. Emerging Large Cap and international value strategies also saw significant interest with inflows over $1.4 billion and $1.0 billion respectively, while growth-oriented funds experienced the largest net redemptions.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 128 | $1,178.64B | $2,045M | $10,701M | $39,481M | $104,285M | $158,314M |
| Emerging Large Cap | 104 | $481.89B | $1,455M | $6,860M | $13,198M | $50,091M | $71,337M |
| Global Ex-U.S. Large Cap – Value | 56 | $155.28B | $1,016M | $5,488M | $6,818M | $19,859M | $25,259M |
| Emerging Small | Mid Cap | 7 | $3.21B | -$30M | -$51M | -$93M | -$176M | -$191M |
| Global Ex-U.S. Small | Mid Cap | 23 | $70.40B | -$86M | -$565M | -$931M | $3,049M | $8,364M |
| Global Ex-U.S. Large Cap – Growth | 28 | $51.56B | -$138M | $442M | $2,473M | $9,904M | $8,285M |
Top & Bottom 5 ETFs by 5-Day Flow
The Vanguard Total International Stock ETF (VXUS) led all funds, attracting $734 million in new assets. Strong interest in emerging markets was also evident, as the iShares MSCI Emerging Markets ETF (EEM) and Vanguard FTSE Emerging Markets ETF (VWO) also gathered significant inflows. In contrast, the iShares Currency Hedged MSCI EAFE ETF (HEFA) and the Fidelity Enhanced International ETF (FENI) saw the largest outflows of the week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VXUS | Vanguard Total International Stock ETF | $734M |
| EEM | iShares MSCI Emerging Markets ETF | $480M |
| VWO | Vanguard FTSE Emerging Markets ETF | $433M |
| EFV | iShares MSCI EAFE Value ETF | $360M |
| AVEM | Avantis Emerging Markets Equity ETF | $297M |
| Outflows | ||
| HEFA | iShares Currency Hedged MSCI EAFE ETF | -$190M |
| FENI | Fidelity Enhanced International ETF | -$147M |
| SCZ | iShares MSCI EAFE Small-Cap ETF | -$138M |
| CGXU | Capital Group International Focus Equity ETF | -$121M |
| DISV | Dimensional International Small Cap Value ETF | -$100M |
Issuer League Table Update
iShares and Vanguard continue to dominate the international equity landscape, collectively managing over 71% of the channel’s assets. Vanguard had a particularly strong week, leading all issuers with nearly $1.7 billion in net inflows, more than double the next closest competitor. iShares also saw healthy demand with $742 million in new assets, while Capital Group experienced the largest net redemptions among issuers.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $740.57B | 38.15% |
| Vanguard | 11 | $644.37B | 33.20% |
| Schwab | 7 | $128.56B | 6.62% |
| Dimensional | 15 | $109.11B | 5.62% |
| Avantis | 12 | $72.35B | 3.73% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $1,675M |
| iShares | $742M |
| Avantis | $492M |
| Outflows | |
| Capital Group | -$48M |
| Harbor | -$46M |
| Goldman Sachs | -$16M |
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.
