Region & Country ETFs: A Week of Negative Returns but Positive Flows

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Weekly Channel Summary

The EQ: Region & Country ETF channel currently holds $294.98B in total Assets Under Management (AUM) across 188 ETFs managed by 37 different issuers. Over the past 5 days, the channel experienced a positive net flow of $1,490M. This adds to a broader trend of positive momentum, with Year-to-Date flows sitting at $17,576M and 1-Year flows reaching $31,218M.

This Week’s Performance Leaders and Laggards

It was a challenging week across the board, with all four major categories posting negative Week-to-Date (WTD) returns. The Eurozone category fared the “best,” dipping only -2.16% WTD, while maintaining a Year-to-Date (YTD) gain of 6.06%. The primary lagging category was Africa-Middle East, which dropped -4.44% WTD. Despite the rough week, Africa-Middle East is still up 3.54% YTD.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Eurozone -2.16% 0.58% 4.18% 9.40% 6.06% 17.57%
Asia-Pacific -2.34% -0.36% 3.96% 8.81% 7.84% 26.52%
Americas -4.12% -5.62% -1.71% 8.98% 6.64% 29.56%
Africa-Middle East -4.44% -2.53% -0.22% 5.63% 3.54% 19.53%

Top & Bottom 5 ETFs by Weekly Performance

The single best-performing ETF this week was the iShares MSCI Philippines ETF (EPHE) with a 3.44% gain. On the other end of the spectrum, the iShares MSCI South Korea ETF (EWY) saw the largest decline at -12.38%, followed closely by the iShares MSCI Indonesia ETF (EIDO) at -11.53%.

Ticker Fund Name WTD Performance
Top Performers
EPHE iShares MSCI Philippines ETF 3.44%
COLO Global X MSCI Colombia ETF 2.43%
KTEC KraneShares Hang Seng TECH Index ETF 1.04%
INDE Matthews India Active ETF 0.97%
KWEB KraneShares CSI China Internet ETF 0.75%
Bottom Performers
EWY iShares MSCI South Korea ETF -12.38%
EIDO iShares MSCI Indonesia ETF -11.53%
KDEF PLUS Korea Defense Industry Index ETF -10.40%
KMCA PLUS Korea Manufacturing Core Alliance Index ETF -10.06%
EIS iShares MSCI Israel ETF -9.38%

Analyzing the Weekly Flows

The channel gathered a total net flow of $1,490M this week. Asia-Pacific led the way, securing $919M in new assets, bringing its total AUM to $170.4B. The Eurozone category also had a strong showing, capturing $407M in weekly inflows. There were no categories with net outflows over the 5-day period.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Asia-Pacific 106 $170.4B $919M ($269M) ($2,758M) $10,528M $18,826M
Eurozone 53 $84.4B $407M ($707M) ($2,645M) ($282M) $2,993M
Americas 18 $36.8B $127M ($1,038M) $1,919M $6,745M $8,520M
Africa-Middle East 11 $3.3B $37M ($62M) ($126M) $584M $879M

Top & Bottom 5 ETFs by 5-Day Flow

The iShares MSCI Japan ETF (EWJ) dominated weekly inflows, attracting a massive $519M. Conversely, the iShares Core MSCI Europe ETF (IEUR) suffered the largest outflow at -$181M, followed by the iShares MSCI Brazil ETF (EWZ) shedding -$148M.

Ticker Fund Name 5-Day Flow
Inflows
EWJ iShares MSCI Japan ETF $519M
UAE iShares MSCI UAE ETF $303M
EWC iShares MSCI Canada ETF $288M
EWU iShares MSCI United Kingdom ETF $195M
EWL iShares MSCI Switzerland ETF $147M
Outflows
IEUR iShares Core MSCI Europe ETF ($181M)
EWZ iShares MSCI Brazil ETF ($148M)
KWEB KraneShares CSI China Internet ETF ($93M)
AAXJ iShares MSCI All Country Asia ex Japan ETF ($74M)
ILF iShares Latin America 40 ETF ($60M)

Issuer League Table Update

iShares maintains a commanding lead with 53.91% market share in the channel, followed by JPMorgan at 14.80%. iShares also dominated weekly flows, pulling in $1,432M. Xtrackers experienced the largest weekly outflows among issuers, losing -$53M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 64 $159.00B 53.91%
JPMorgan 5 $43.65B 14.80%
Vanguard 2 $38.77B 13.14%
Franklin 18 $13.49B 4.57%
WisdomTree 10 $12.58B 4.27%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
iShares $1,432M
JPMorgan $74M
Franklin $66M
Outflows
Xtrackers -$53M
KraneShares -$47M
Global X -$11M

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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.