Weekly Channel Summary
The Global Ex-U.S. Size & Style channel encompasses 343 ETFs from 95 issuers, with total assets under management standing at approximately $1.85 trillion. Investors demonstrated strong conviction in the space this week, pouring a net $7.3 billion into these funds. This recent activity builds on a powerful trend, with year-to-date inflows reaching $148.4 billion and one-year inflows totaling a remarkable $262.4 billion.
This Week’s Performance Leaders and Laggards
It was a challenging week for Global Ex-U.S. equities, with all categories posting negative returns. Emerging Large Cap funds saw the steepest declines, falling 3.68% on average for the week. In contrast, Global Ex-U.S. Large Cap Value funds proved most resilient, dipping by a more modest 1.05%. Despite the weekly downturn, Emerging Large Cap remains the top-performing category year-to-date with a gain of 19.80%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Value | -1.05% | -0.94% | 6.34% | 11.45% | 11.66% | 31.30% |
| Global Ex-U.S. Large Cap – Blend | -1.54% | 1.05% | 10.08% | 11.86% | 12.25% | 27.08% |
| Global Ex-U.S. Large Cap – Growth | -1.58% | 1.99% | 10.99% | 9.17% | 9.76% | 19.34% |
| Global Ex-U.S. Small | Mid Cap | -2.03% | -2.55% | 5.70% | 8.55% | 9.02% | 26.93% |
| Emerging Small | Mid Cap | -3.12% | -0.85% | 7.53% | 12.79% | 12.47% | 21.72% |
| Emerging Large Cap | -3.68% | 2.10% | 14.97% | 20.25% | 19.80% | 37.03% |
Top & Bottom 5 ETFs by Weekly Performance
A few funds managed to buck the negative trend, led by the Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF), which gained 1.49%. Several other dividend and low volatility strategies also finished the week in positive territory. On the other end of the spectrum, the Rayliant NxtGen Multifactor Emerging Markets Equity ETF (RWEM) experienced the largest decline, falling 8.73% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 1.49% |
| FICS | First Trust International Developed Capital Strength ETF | 0.91% |
| HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 0.66% |
| FPXI | First Trust International Equity Opportunities ETF | 0.54% |
| IDLV | Invesco S&P International Developed Low Volatility ETF | 0.43% |
| Bottom Performers | ||
| RWEM | Rayliant NxtGen Multifactor Emerging Markets Equity ETF | -8.73% |
| EFFE | Harbor Osmosis Emerging Markets Resource Efficient ETF | -5.54% |
| BCHI | GMO Beyond China ETF | -5.48% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | -5.48% |
| EYLD | Cambria Emerging Shareholder Yield ETF | -5.46% |
Analyzing the Weekly Flows
Investors added a net $7.3 billion to Global Ex-U.S. ETFs this week, continuing a strong year for the channel despite negative performance. The vast majority of these assets flowed into the Global Ex-U.S. Large Cap Blend category, which collected over $5.2 billion. Emerging Large Cap funds also saw significant demand, attracting nearly $1.5 billion in new capital. All categories saw net inflows or flat flows for the week, signaling broad-based conviction.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Global Ex-U.S. Large Cap – Blend | 125 | $1,115.94B | $5,265M | $19,623M | $36,610M | $84,686M | $156,722M |
| Emerging Large Cap | 105 | $474.24B | $1,487M | $2,725M | $8,710M | $39,701M | $67,335M |
| Global Ex-U.S. Large Cap – Growth | 29 | $49.27B | $283M | $1,498M | $2,565M | $9,016M | $8,358M |
| Global Ex-U.S. Large Cap – Value | 55 | $136.30B | $145M | -$3,387M | $461M | $9,838M | $17,623M |
| Global Ex-U.S. Small | Mid Cap | 22 | $68.87B | $123M | $1,428M | $2,305M | $5,294M | $12,535M |
| Emerging Small | Mid Cap | 7 | $3.35B | $0M | -$31M | -$91M | -$114M | -$193M |
Top & Bottom 5 ETFs by 5-Day Flow
The Vanguard Total International Stock ETF (VXUS) was the clear leader in asset gathering, pulling in over $1.75 billion in net new assets. In fact, four of the top five funds for inflows were Vanguard products, highlighting the issuer’s dominance this week. Meanwhile, redemptions were led by the Schwab Fundamental International Equity ETF (FNDF), which saw outflows of $237 million. The iShares MSCI EAFE Value ETF (EFV) also experienced notable withdrawals, shedding $212 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VXUS | Vanguard Total International Stock ETF | $1,754M |
| VEA | Vanguard FTSE Developed Markets ETF | $1,307M |
| VWO | Vanguard FTSE Emerging Markets ETF | $684M |
| VEU | Vanguard FTSE All-World ex-US Index Fund | $464M |
| EMXC | iShares MSCI Emerging Markets ex China ETF | $441M |
| Outflows | ||
| FNDF | Schwab Fundamental International Equity ETF | -$237M |
| EFV | iShares MSCI EAFE Value ETF | -$212M |
| UIVM | VictoryShares International Value Momentum ETF | -$59M |
| GRIN | VictoryShares International Free Cash Flow Growth ETF | -$52M |
| IFLO | VictoryShares International Free Cash Flow ETF | -$45M |
Issuer League Table Update
iShares and Vanguard continue to dominate the Global Ex-U.S. landscape, commanding 38.47% and 33.18% of the market share, respectively. This week, Vanguard was the undisputed leader in flows, attracting a massive $4.52 billion in net inflows across its fund lineup. In contrast, VictoryShares experienced the largest net outflows among issuers, with investors pulling $174 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 42 | $710.97B | 38.47% |
| Vanguard | 11 | $613.22B | 33.18% |
| Schwab | 7 | $121.64B | 6.58% |
| Dimensional | 15 | $102.97B | 5.57% |
| Avantis | 12 | $67.37B | 3.65% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $4,524M |
| Dimensional | $963M |
| iShares | $399M |
| Outflows | |
| VictoryShares | -$174M |
| American Century | -$17M |
| PIMCO | -$17M |
For a deeper dive into these trends, access our FREE, in-depth Global Ex-U.S. Size & Style 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.
