Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel, encompassing 335 ETFs from 92 issuers and managing $1,788B in total assets, saw robust positive activity this past week. The channel pulled in $1.68B in 5-day flows, extending a strong trend that has seen $115.18B collected year-to-date and $254.11B over the past year.
This Week’s Performance Leaders and Laggards
Global Ex-U.S. Size & Style categories exhibited mixed week-to-date performance. The Global Ex-U.S. Small | Mid Cap and Global Ex-U.S. Large Cap – Value segments led the way with gains of 0.95% and 0.91% respectively. Both are also posting solid Year-to-Date numbers, up 9.86% and 9.54%. Conversely, Emerging Large Cap lagged, declining -0.22% for the week, though it remains a top performer for the year with a 14.85% YTD gain.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Small | Mid Cap | 0.95% | 4.80% | 3.35% | 14.73% | 9.86% | 38.23% |
| Global Ex-U.S. Large Cap – Value | 0.91% | 3.38% | 3.49% | 15.70% | 9.54% | 34.15% |
| Global Ex-U.S. Large Cap – Blend | 0.47% | 4.49% | 2.16% | 10.68% | 7.33% | 27.79% |
| Emerging Small | Mid Cap | 0.07% | 8.73% | 6.30% | 12.59% | 13.32% | 33.83% |
| Global Ex-U.S. Large Cap – Growth | -0.04% | 5.77% | 1.14% | 7.40% | 6.09% | 24.03% |
| Emerging Large Cap | -0.22% | 9.32% | 6.08% | 16.39% | 14.85% | 44.82% |
Drilling down to individual funds, the Bancreek International Large Cap ETF (BCIL) led the Global Ex-U.S. segment with a 2.76% WTD return, while the Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF (EMEQ) paced the Emerging Markets group at 2.12%. On the downside, the First Trust International Equity Opportunities ETF (FPXI) and the Touchstone International Equity ETF (TLCI) were the two worst-performing funds overall, dropping -2.52% and -1.47% respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BCIL | Bancreek International Large Cap ETF | 2.76% |
| BAIV | Brown Advisory International Value Select ETF | 2.58% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | 2.03% |
| FYLD | Cambria Foreign Shareholder Yield ETF | 1.93% |
| FGD | First Trust Dow Jones Global Select Dividend Index Fund | 1.88% |
| Bottom Performers | ||
| FPXI | First Trust International Equity Opportunities ETF | -2.52% |
| TLCI | Touchstone International Equity ETF | -1.47% |
| PCIG | Polen Capital International Growth ETF | -1.30% |
| ABLG | Abacus FCF International Leaders ETF | -1.12% |
| GVAL | Cambria Global Value ETF | -1.03% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | 2.12% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 1.94% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 1.24% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 0.99% |
| EMSF | Matthews Emerging Markets Sustainable Future Active ETF | 0.85% |
| Bottom Performers | ||
| RNEM | First Trust Emerging Markets Equity Select ETF | -1.75% |
| VEM | Virtus Emerging Markets Dividend ETF | -1.69% |
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | -1.35% |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | -1.23% |
| EPEM | Harbor Emerging Markets Equity ETF | -1.22% |
Analyzing the Weekly Flows
Investors added $1.66B to the channel overall this week. The Global Ex-U.S. Large Cap – Blend category was the primary beneficiary, attracting a massive $1,219M and cementing its dominance with $1,078.0B in total AUM. Global Ex-U.S. Large Cap – Value also drew significant interest with $370M in new capital. Conversely, the Global Ex-U.S. Small | Mid Cap category experienced the largest outflows, shedding -$49M over the five-day period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 125 | $1,078.0B | $1,219M | $8,593M | $42,638M | $57,226M | $141,111M |
| Global Ex-U.S. Large Cap – Value | 54 | $140.0B | $370M | $2,178M | $8,450M | $11,674M | $26,726M |
| Emerging Large Cap | 103 | $451.3B | $120M | $3,600M | $15,751M | $35,545M | $67,736M |
| Global Ex-U.S. Large Cap – Growth | 26 | $46.3B | $24M | $616M | $6,582M | $7,089M | $7,021M |
| Emerging Small | Mid Cap | 6 | $3.3B | -$22M | -$59M | -$89M | -$87M | -$229M |
| Global Ex-U.S. Small | Mid Cap | 20 | $69.1B | -$49M | $462M | $2,770M | $3,718M | $11,732M |
The iShares Core MSCI EAFE ETF (IEFA) was the standout in the Global Ex-U.S. segment, amassing $467M in new assets, while the Capital Group New Geography Equity ETF (CGNG) took the top spot for Emerging Markets with $43M in inflows. At the other end of the spectrum, the Vanguard FTSE Developed Markets ETF (VEA) and the Dimensional International Small Cap Value ETF (DISV) suffered the heaviest overall outflows, losing -$570M and -$98M respectively.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEFA | iShares Core MSCI EAFE ETF | $467M |
| SCHF | Schwab International Equity ETF | $303M |
| VXUS | Vanguard Total International Stock ETF | $235M |
| JIVE | JPMorgan International Value ETF | $194M |
| FNDF | Schwab Fundamental International Equity ETF | $117M |
| Outflows | ||
| VEA | Vanguard FTSE Developed Markets ETF | -$570M |
| DISV | Dimensional International Small Cap Value ETF | -$98M |
| MOTI | VanEck Morningstar International Moat ETF | -$88M |
| DFIV | Dimensional International Value ETF | -$46M |
| GVAL | Cambria Global Value ETF | -$36M |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| CGNG | Capital Group New Geography Equity ETF | $43M |
| AVEM | Avantis Emerging Markets Equity ETF | $27M |
| EMEQ | Nomura ETF Trust Nomura Focused Emerging Markets Equity ETF | $19M |
| DFEV | Dimensional Emerging Markets Value ETF | $16M |
| GEME | Pacific North of South EM Equity Active ETF | $12M |
| Outflows | ||
| EWX | State Street SPDR S&P Emerging Markets Small Cap ETF | -$22M |
| XC | WisdomTree True Emerging Markets Fund | -$13M |
| RWEM | Rayliant NxtGen Multifactor Emerging Markets ETF | -$7M |
| AGEM | abrdn Emerging Markets Dividend Active ETF | -$5M |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | -$2M |
Issuer League Table Update
iShares and Vanguard maintain their formidable leads in market share, controlling 38.76% and 33.28% of the channel’s AUM. iShares led all issuers in recent momentum, gathering $690M in weekly inflows, whereas Vanguard experienced the largest contraction, shedding -$283M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $692.99B | 38.76% |
| Vanguard | 9 | $595.10B | 33.28% |
| Schwab | 7 | $118.82B | 6.64% |
| Dimensional | 15 | $98.07B | 5.48% |
| State Street | 12 | $64.01B | 3.58% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $690M |
| Schwab | $427M |
| JPMorgan | $206M |
| Outflows | |
| Vanguard | -$283M |
| VanEck | -$88M |
| WisdomTree | -$34M |
For a deeper dive into these trends, access our FREE, in-depth Global Ex-U.S. 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.
