Weekly Channel Summary
The Global Ex-U.S. Size & Style ETF channel concluded the week of January 23, 2026, with a total Assets Under Management (AUM) of $1,614 billion, spanning 325 ETFs from 91 distinct brands. The channel experienced robust investor interest, pulling in $9.42 billion in net weekly flows. This continues a strong start to the year, with Year-to-Date (YTD) flows reaching $27.23 billion, while the past year has seen a massive $196.51 billion in net new money.
This Week’s Performance Leaders and Laggards
Small and Mid-Cap categories dominated the performance landscape this week. The Equity: Global Ex-U.S. Small | Mid Cap category led the way with a 1.83% week-to-date (WTD) return, closely followed by Emerging Small | Mid Cap at 1.80%. Conversely, the Large Cap Growth and Blend segments lagged behind, both posting modest gains of 0.73%. On a YTD basis, all categories remain firmly in positive territory, with Global Ex-U.S. Small | Mid Cap leading the pack at 6.12%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Global Ex-U.S. Small | Mid Cap | 1.83% | 6.05% | 9.90% | 15.69% | 6.12% | 43.46% |
| Equity: Emerging Small | Mid Cap | 1.80% | 5.92% | 5.75% | 8.62% | 5.52% | 25.22% |
| Equity: Emerging Large Cap | 1.56% | 6.78% | 9.64% | 18.15% | 7.85% | 36.93% |
| Equity: Global Ex-U.S. Large Cap – Value | 1.18% | 4.32% | 9.99% | 15.12% | 4.26% | 40.23% |
| Equity: Global Ex-U.S. Large Cap – Blend | 0.73% | 4.34% | 7.73% | 12.50% | 4.43% | 32.14% |
| Equity: Global Ex-U.S. Large Cap – Growth | 0.73% | 4.89% | 6.92% | 10.99% | 5.24% | 25.03% |
At the individual fund level, FTHF (First Trust Emerging Markets Human Flourishing ETF) stood out as the top performer across the emerging markets segment with a 3.93% return. In the Global Ex-U.S. segment, GVAL (Cambria Global Value ETF) led with a 3.35% return. On the lagging side, currency-hedged strategies such as HEFA (-1.37%) and DBEF (-0.96%) saw the most significant weekly declines.
Top & Bottom 5 Global Ex-U.S. ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| GVAL | Cambria Global Value ETF | 3.35% |
| FPXI | First Trust International Equity Opportunities ETF | 3.24% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 3.23% |
| AVDV | Avantis International Small Cap Value ETF | 3.18% |
| AADR | AdvisorShares Dorsey Wright ADR ETF | 3.11% |
| Bottom Performers | ||
| HEFA | iShares Currency Hedged MSCI EAFE ETF | -1.37% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | -0.96% |
| BCIL | Bancreek International Large Cap ETF | -0.92% |
| IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | -0.81% |
| PJIO | PGIM Jennison International Opportunities ETF | -0.71% |
Top & Bottom 5 Emerging Market ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 3.93% |
| DVYE | iShares Emerging Markets Dividend ETF | 3.78% |
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | 3.49% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 3.39% |
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | 3.17% |
| Bottom Performers | ||
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | -0.72% |
| EMC | Global X Emerging Markets Great Consumer ETF | -0.06% |
| BKF | iShares MSCI BIC ETF | 0.00% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 0.26% |
| EMES | Harbor Emerging Markets Select ETF | 0.38% |
Analyzing the Weekly Flows
The channel attracted $9.42 billion in total net inflows this week. The Emerging Large Cap category was the primary beneficiary, securing $5,219 million in net new money and bringing its total AUM to $400.8 billion. Global Ex-U.S. Large Cap – Blend also saw significant traction with $3,062 million in inflows. On the other end of the spectrum, the Emerging Small | Mid Cap category experienced a slight drag with $2 million in net outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Emerging Large Cap | 100 | $400.8B | $5,219M | $14,337M | $29,747M | $14,020M | $51,529M |
| Equity: Global Ex-U.S. Large Cap – Blend | 122 | $985.6B | $3,062M | $12,639M | $44,160M | $9,761M | $119,022M |
| Equity: Global Ex-U.S. Large Cap – Value | 52 | $122.4B | $603M | $2,608M | $6,218M | $2,230M | $20,383M |
| Equity: Global Ex-U.S. Small | Mid Cap | 19 | $63.5B | $321M | $896M | $5,429M | $806M | $8,544M |
| Equity: Global Ex-U.S. Large Cap – Growth | 26 | $38.8B | $212M | $650M | $1,231M | $413M | ($2,573M) |
| Equity: Emerging Small | Mid Cap | 6 | $3.2B | ($2M) | ($7M) | ($6M) | $4M | ($392M) |
Individual flow leadership was led by the emerging markets heavyweight IEMG (iShares Core MSCI Emerging Markets ETF), which gathered $1,915 million. In the Global Ex-U.S. space, VXUS (Vanguard Total International Stock ETF) topped the list with $701 million in inflows. On the downside, EEMV saw the largest overall outflow of $279 million, followed by BBIN at $45 million.
Top & Bottom 5 Global Ex-U.S. ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VXUS | Vanguard Total International Stock ETF | $701M |
| VEA | Vanguard FTSE Developed Markets ETF | $525M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $507M |
| FENI | Fidelity Enhanced International ETF | $312M |
| SPDW | SPDR Portfolio Developed World ex-US ETF | $298M |
| Outflows | ||
| BBIN | JPMorgan BetaBuilders International Equity ETF | ($45M) |
| EDGI | 3EDGE Dynamic International Equity ETF | ($22M) |
| IQDG | WisdomTree International Quality Dividend Growth Fund | ($21M) |
| CIL | VictoryShares International Volatility Wtd ETF | ($11M) |
| BIDD | iShares International Dividend Active ETF | ($7M) |
Top & Bottom 5 Emerging Market ETFs by 5-Day Flow
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IEMG | iShares Core MSCI Emerging Markets ETF | $1,915M |
| VWO | Vanguard FTSE Emerging Markets ETF | $1,504M |
| EEM | iShares MSCI Emerging Markets ETF | $1,040M |
| AVEM | Avantis Emerging Markets Equity ETF | $377M |
| AVES | Avantis Emerging Markets Value ETF | $153M |
| Outflows | ||
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | ($279M) |
| DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | ($27M) |
| SEEM | SEI Select Emerging Markets Equity ETF | ($3M) |
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | ($2M) |
| TEMX | Touchstone Sands Capital Emerging Markets Select ETF | ($1M) |
Issuer League Table Update
iShares and Vanguard continue to dominate the Global Ex-U.S. landscape, controlling 39.11% and 33.71% of the market share, respectively. Vanguard gathered the most weekly inflows with $3,400 million, while iShares followed closely with $3,195 million. Among the top issuers, WisdomTree saw the largest weekly outflows, losing $45 million in net assets.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 41 | $631.42B | 39.11% |
| Vanguard | 9 | $544.17B | 33.71% |
| Schwab | 7 | $109.37B | 6.77% |
| Dimensional | 15 | $86.82B | 5.38% |
| SPDR | 12 | $58.34B | 3.61% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $3,400M |
| iShares | $3,195M |
| Avantis | $845M |
| Outflows | |
| WisdomTree | ($45M) |
| 3Edge | ($22M) |
| JPMorgan | ($16M) |
For a deeper dive into these trends, access our FREE, in-depth 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.
