Navigating the Rotation: Americas Shine Amidst Broad Region & Country ETF Withdrawals

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Weekly Channel Summary

The Region & Country ETF channel, comprising 190 ETFs across 37 issuers, currently manages approximately $281 billion in total assets. This week, the segment experienced broad short-term withdrawals, posting net outflows of -$1.31B. Despite the recent weekly pullback, the longer-term conviction remains highly positive, with the channel attracting $16.27B in Year-to-Date (YTD) inflows and $29.03B over the past year.

This Week’s Performance Leaders and Laggards

Every major category within the Region & Country channel delivered positive returns this week. The Americas category led the pack, jumping 4.48% Week-to-Date (WTD) to push its YTD performance to 11.41%. Conversely, the Asia-Pacific category was the primary laggard, returning a modest 0.63% WTD, though it still maintains a solid 8.55% gain for the year.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Americas 4.48% -1.04% 4.25% 11.60% 11.41% 33.84%
Africa-Middle East 2.31% -0.89% 5.61% 6.42% 5.94% 23.17%
Eurozone 2.12% 2.46% 8.29% 10.77% 8.41% 19.33%
Asia-Pacific 0.63% -1.72% 5.67% 9.55% 8.55% 25.78%

Top & Bottom 5 ETFs by Weekly Performance

The single best-performing individual fund was the iShares MSCI Peru and Global Exposure ETF (EPU), which surged 10.49% over the last five days. On the other end of the spectrum, specialized Chinese equities struggled, with the Themes China Generative Artificial Intelligence ETF (DRGN) and the KraneShares Hang Seng TECH Index ETF (KTEC) pulling back the sharpest at -3.61% and -3.52% respectively.

Top Performers
Ticker Fund Name WTD Performance
EPU iShares MSCI Peru and Global Exposure ETF 10.49%
COLO Global X MSCI Colombia ETF 10.11%
EWY iShares MSCI South Korea ETF 9.62%
EIDO iShares MSCI Indonesia ETF 9.35%
IDX VanEck Indonesia Index ETF 8.79%
Bottom Performers
Ticker Fund Name WTD Performance
DRGN Themes China Generative Artificial Intelligence ETF -3.61%
KTEC KraneShares Hang Seng TECH Index ETF -3.52%
KGRN KraneShares MSCI China Clean Technology Index ETF -3.17%
MJSC MUFG Japan Small Cap Active ETF -2.93%
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF -2.62%

Analyzing the Weekly Flows

Due to broad market rotations this week, the total net flow for the channel dropped by -$1.31B, with every composite category recording short-term outflows. While no single category posted net positive flows, the Africa-Middle East category was the most resilient, showing only -$65M in outflows against its $3.1B total AUM. Following behind was the Eurozone category, which limited outflows to -$126M. Meanwhile, the Americas category faced the most intense pressure, experiencing the largest absolute outflows at -$587M.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Africa-Middle East 11 $3.1B -$65M -$114M -$216M $519M $803M
Eurozone 53 $82.3B -$126M -$389M -$3,797M -$407M $2,624M
Asia-Pacific 106 $160.1B -$530M -$1,391M -$1,849M $9,999M $17,620M
Americas 18 $35.3B -$587M -$1,548M $1,365M $6,158M $7,981M

Top & Bottom 5 ETFs by 5-Day Flow

Despite the composite-level outflows, distinct pockets of demand remained. The iShares MSCI Canada ETF (EWC) claimed the top spot for inflows, taking in an impressive $169M over the 5-day period. Selling pressure was heavily concentrated in specific funds; the iShares MSCI Brazil ETF (EWZ) saw the largest drawdown with -$443M in outflows, closely followed by the iShares Latin America 40 ETF (ILF) which shed -$317M.

Inflows
Ticker Fund Name 5-Day Flow
EWC iShares MSCI Canada ETF $169M
EWY iShares MSCI South Korea ETF $155M
EFNL iShares MSCI Finland ETF $141M
DXJ WisdomTree Japan Hedged Equity Fund $95M
EWL iShares MSCI Switzerland ETF $92M
Outflows
Ticker Fund Name 5-Day Flow
EWZ iShares MSCI Brazil ETF -$443M
ILF iShares Latin America 40 ETF -$317M
KWEB KraneShares CSI China Internet ETF -$305M
FXI iShares China Large-Cap ETF -$283M
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF -$199M

Issuer League Table Update

The Region & Country ETF landscape remains highly concentrated at the top, with iShares commanding 53.31% of the AUM market share, followed by JPMorgan at 15.02%. From a flows perspective, WisdomTree attracted the most new assets this week, bringing in $77M across its 10 funds. On the other hand, the category’s top issuer, iShares, suffered the steepest withdrawals, logging -$724M in net outflows.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 64 $149.70B 53.31%
JPMorgan 5 $42.19B 15.02%
Vanguard 2 $37.22B 13.25%
Franklin 18 $12.98B 4.62%
WisdomTree 10 $12.41B 4.42%

Top & Bottom 3 Issuers by 5-Day Flow

Inflows
Brand 5-Day Flow
WisdomTree $77M
JPMorgan $69M
Rayliant $20M
Outflows
Brand 5-Day Flow
iShares -$724M
KraneShares -$315M
Xtrackers -$206M

For a deeper dive into these trends, access our FREE, in-depth Region & Country 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.