##  [# International Equity ETFs Dominate Early Year Flows](/sections/weekly-etf-flows/international-equity-etfs-dominate-early-year-flows) 

 

# International Equity ETFs Dominate Early Year Flows

 

 

International equity ETFs led weekly flows, pulling in $16.1 billion.



 

 

 

 

 [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) 

[By Sumit Roy ](/authors/sumit-roy)

 Jan 12, 2026

 Edited by: ETF.com Staff

 

 

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Investors added $26.3 billion to U.S.-listed ETFs in the first full week of the new year, extending momentum from 2025, when ETFs pulled in nearly $1.5 trillion, a record annual total.  
  
The week, which covers the period ending Friday, Jan. 9, was unusual in terms of flow leadership. International equity ETFs dominated, attracting $16.1 billion in inflows, while U.S. equity ETFs saw net outflows of $1.8 billion.  
  
Fixed income ETFs also saw healthy demand. U.S. fixed income ETFs gathered $9.3 billion, while international fixed income ETFs took in $3.5 billion.  
  
International stocks have continued to outperform early in the year, building on their strong showing in 2025. The [**Vanguard Total International Stock ETF (VXUS)**](/vxus) is up about 4% year to date, compared with roughly 2% for the [**Vanguard S&amp;P 500 ETF (VOO)**](/voo).

## Inflows For Both 

VXUS pulled in $1.2 billion of inflows last week. Other international equity ETFs seeing strong demand included the [**iShares Core MSCI EAFE ETF (IEFA)**](/iefa) and the [**iShares Core MSCI Emerging Markets ETF (IEMG)**](/iemg), which each gathered $1.4 billion.  
  
Despite overall net outflows from U.S. equity ETFs, investors continued to pour money into VOO, which led all ETFs with $4.4 billion of inflows. The fund accumulated more than $100 billion of inflows for the second consecutive year in 2025.   
  
Close behind was the [**SPDR Portfolio S&amp;P 500 ETF (SPYM)**](/spym), which took in about $4 billion last week.  
  
Other ETFs seeing notable inflows included the [**Capital Group Dividend Value ETF (CGDV)**](/cgdv) with $1.8 billion, the [**Health Care Select Sector SPDR Fund (XLV)**](/xlv) with $1.1 billion, and the [**VanEck Semiconductor ETF (SMH)**](/smh) with $1 billion.

 
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## IWM Sheds Assets Despite Early Outperformance 

On the outflows side, the [**iShares Core S&amp;P 500 ETF (IVV)**](/ivv) and the [**SPDR S&amp;P 500 ETF Trust (SPY)**](/spy) led all ETFs with outflows of more than $10 billion and $5.8 billion, respectively. The [**Invesco QQQ Trust (QQQ)**](/qqq) lost $3.3 billion, while the leveraged [**Direxion Daily Semiconductor Bull 3X Shares (SOXL)**](/soxl) shed $2.6 billion.  
  
The i[**Shares Russell 2000 ETF (IWM)**](/iwm) also saw $2.2 billion in outflows, despite being up more than 6% year to date.  
For a full list of last week’s top inflows and outflows, see the tables below:

## **Top 10 Creations (All ETFs)**

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change&lt;[VOO](https://www.etf.com/voo)[Vanguard S&amp;P 500 ETF](https://www.etf.com/voo)4,403.76853,001.700.52[SPYM](https://www.etf.com/spym)[State Street SPDR Portfolio S&amp;P 500 ETF](/spym)4,011.02102,074.113.93[CGDV](https://www.etf.com/cgdv)[Capital Group Dividend Value ETF](https://www.etf.com/cgdv)1,827.3228,739.096.36[SGOV](https://www.etf.com/sgov)[iShares 0-3 Month Treasury Bond ETF](https://www.etf.com/sgov)1,541.5270,464.822.19[IEFA](https://www.etf.com/iefa)[iShares Core MSCI EAFE ETF](https://www.etf.com/iefa)1,386.36167,375.060.83[IEMG](https://www.etf.com/iemg)[iShares Core MSCI Emerging Markets ETF](https://www.etf.com/iemg)1,374.64125,946.911.09[VXUS](https://www.etf.com/vxus)[Vanguard Total International Stock ETF](https://www.etf.com/vxus)1,156.26124,658.020.93[VTI](https://www.etf.com/vti)[Vanguard Total Stock Market ETF](https://www.etf.com/vti)1,116.27580,392.880.19[XLV](https://www.etf.com/xlv)[Health Care Select Sector SPDR Fund](https://www.etf.com/xlv)1,112.6541,685.122.67[SMH](https://www.etf.com/smh)[VanEck Semiconductor ETF](https://www.etf.com/smh)1,014.3540,263.782.52## **Top 10 Redemptions (All ETFs)**

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change[IVV](https://www.etf.com/ivv)[iShares Core S&amp;P 500 ETF](https://www.etf.com/ivv)-10,078.38759,845.54-1.33[SPY](https://www.etf.com/spy)[SPDR S&amp;P 500 ETF Trust](https://www.etf.com/spy)-5,822.05714,116.30-0.82[QQQ](https://www.etf.com/qqq)[Invesco QQQ Trust Series I](https://www.etf.com/qqq)-3,313.53408,524.03-0.81[SOXL](https://www.etf.com/soxl)[Direxion Daily Semiconductor Bull 3x Shares](https://www.etf.com/soxl)-2,614.1612,401.48-21.08[IWM](https://www.etf.com/iwm)[iShares Russell 2000 ETF](https://www.etf.com/iwm)-2,150.5975,036.77-2.87[IWF](https://www.etf.com/iwf)[iShares Russell 1000 Growth ETF](https://www.etf.com/iwf)-2,059.19124,000.28-1.66[IWD](https://www.etf.com/iwd)[iShares Russell 1000 Value ETF](https://www.etf.com/iwd)-1,276.2870,499.90-1.81[HYG](https://www.etf.com/hyg)[iShares iBoxx $ High Yield Corporate Bond ETF](https://www.etf.com/hyg)-1,138.2418,807.66-6.05[LQD](https://www.etf.com/lqd)[iShares iBoxx $ Investment Grade Corporate Bond ETF](https://www.etf.com/lqd)-982.3229,135.67-3.37[TLT](https://www.etf.com/tlt)[iShares 20+ Year Treasury Bond ETF](https://www.etf.com/tlt)-833.3446,540.55-1.79## **ETF Weekly Flows By Asset Class**

 Net Flows ($, mm)AUM ($, mm)% of AUMAlternatives1,010.32113,264.360.89%Asset Allocation223.7733,357.810.67%Commodities E T Fs348.67343,751.440.10%Currency479.73147,720.120.32%International Equity16,136.662,321,842.260.69%International Fixed Income3,468.47374,928.050.93%Inverse434.7212,215.803.56%Leveraged-3,276.28153,681.32-2.13%Us Equity-1,817.188,297,668.72-0.02%Us Fixed Income9,308.041,909,032.280.49%**Total:****26,316.92****13,707,462.16****0.19%**Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.





 

 

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 [ Sumit Roy Senior ETF Analyst ](/authors/sumit-roy) 

 

 

  Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including…   [View Bio](/authors/sumit-roy)

 



 

 


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