SPDR S&P Emerging Markets ex-China ETF Price & Performance (XCNY)

Value stocks are gaining momentum in 2025, with the S&P 500 Value ETF rising 3.32% year-to-date, contrasting with a 0.35% decline for its growth counterpart. International equities also show strength, with European and developed markets posting significant gains, while emerging markets remain subdued.1

The global ETF industry set a new milestone with $15.50 trillion in assets by February 2025. February alone saw $152.13 billion in net inflows, marking the 69th consecutive month of growth. Equity ETFs led the charge, while emerging markets showed mixed performances, with notable declines in Indonesia and Thailand.2

Non-U.S. equities are outperforming U.S. stocks, with global ex-U.S. indexes up 6.8% compared to a 4.3% drop in U.S. benchmarks through mid-March. Funds with greater international exposure, such as Artisan Global Equity, have seen double-digit gains, while U.S.-focused portfolios struggle to keep pace.3