Region & Country ETF Recap: Americas Lead Amid $3.3B Outflows

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Weekly Channel Summary

The EQ: Region & Country ETF channel currently encompasses 186 ETFs across 36 issuers, managing a total of $258 billion in Assets Under Management (AUM). Over the past week, the space experienced net outflows totaling $3.29 billion. Despite the near-term withdrawals, the longer-term trend remains positive, with year-to-date inflows standing at $17.14 billion and 1-year flows reaching $32.05 billion.

This Week’s Performance Leaders and Laggards

The Americas composite was the standout leader this week, posting a solid 2.89% Week-to-Date (WTD) return and pushing its Year-to-Date (YTD) gain to 6.23%. On the flip side, the Africa-Middle East region was the primary laggard, dropping -1.12% WTD and sliding further into negative territory for the year (-1.87% YTD). Asia-Pacific also struggled with a -0.99% decline this week.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Americas 2.89% -7.88% 5.82% 16.58% 6.23% 40.51%
Eurozone 0.02% -10.78% -3.50% 2.48% -3.59% 16.53%
Asia-Pacific -0.99% -9.43% -1.68% 1.19% -1.51% 20.92%
Africa-Middle East -1.12% -5.86% -2.37% 2.63% -1.87% 20.80%

Top & Bottom 5 ETFs by Weekly Performance

Leading individual fund performance this week was the EWZS (iShares MSCI Brazil Small-Cap ETF), which surged 4.61% WTD. Conversely, Korean equities faced steep declines, with MKOR (Matthews Korea Active ETF) and EWY (iShares MSCI South Korea ETF) ranking as the two worst performers, shedding -6.52% and -6.50%, respectively.

Ticker Fund Name WTD Performance
Top Performers
EWZS iShares MSCI Brazil Small-Cap ETF 4.61%
BRF VanEck Brazil Small-Cap ETF 4.46%
FLBR Franklin FTSE Brazil ETF 4.43%
OTGL OTG Latin America ETF 4.07%
BRAZ Global X Brazil Active ETF 4.05%
Bottom Performers
MKOR Matthews Korea Active ETF -6.52%
EWY iShares MSCI South Korea ETF -6.50%
FLKR Franklin FTSE South Korea ETF -6.34%
IZRL ARK Israel Innovative Technology ETF -5.69%
ITEQ Amplify BlueStar Israel Technology ETF -5.25%

Analyzing the Weekly Flows

The Region & Country channel experienced a net outflow of $3.29 billion this week. While all major regional composites faced net withdrawals, looking under the hood reveals pockets of strength: the Taiwan category received the most inflows at $85 million (managing $9.0 billion in total AUM), and the United Kingdom category also attracted a notable $39 million. Conversely, the broad Asia-Pacific composite suffered the largest aggregate outflows, losing $1.65 billion.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Americas 18 $34.0B ($78M) $335M $5,179M $5,009M $8,479M
Africa-Middle East 11 $3.3B ($92M) ($2M) $713M $701M $1,069M
Eurozone 53 $79.2B ($1,468M) ($109M) $2,390M $2,187M $6,871M
Asia-Pacific 104 $141.4B ($1,651M) ($1,526M) $9,454M $9,245M $15,629M

Top & Bottom 5 ETFs by 5-Day Flow

AIA (iShares Asia 50 ETF) took the crown for individual fund inflows, hauling in $167 million over the past week. On the outflow side, large-cap international proxies saw the heaviest redemptions, led by EWJ (iShares MSCI Japan ETF) and VGK (Vanguard FTSE Europe ETF), which shed $748 million and $744 million, respectively.

Ticker Fund Name 5-Day Flow
Inflows
AIA iShares Asia 50 ETF $167M
FLTW Franklin FTSE Taiwan ETF $156M
MCHI iShares MSCI China ETF $66M
EWU iShares MSCI United Kingdom ETF $44M
ILF iShares Latin America 40 ETF $34M
Outflows
EWJ iShares MSCI Japan ETF ($748M)
VGK Vanguard FTSE Europe ETF ($744M)
FEZ State Street SPDR EURO STOXX 50 ETF ($303M)
INDA iShares MSCI India ETF ($286M)
EZU iShares MSCI Eurozone ETF ($253M)

Issuer League Table Update

iShares remains the undisputed heavyweight in the Region & Country channel, commanding 52.45% of the market share, followed distantly by JPMorgan at 15.07%. Franklin was the standout asset gatherer for the week, taking in $43 million in net inflows, while the market leader, iShares, experienced the most significant outflows, losing $1.63 billion.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 64 $135.25B 52.45%
JPMorgan 5 $38.87B 15.07%
Vanguard 2 $36.74B 14.25%
WisdomTree 10 $11.60B 4.50%
Franklin 18 $10.55B 4.09%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Franklin $43M
EMQQ Global $0M
Rayliant $0M
Outflows
iShares ($1,632M)
Vanguard ($995M)
State Street ($323M)

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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.