VictoryShares International Free Cash Flow ETF

IFLO

時価総額 $2.78億

International ETFs are outperforming the S&P 500 in 2026, led by strong gains across Asian and global markets. Here are five ETFs to watch.

When it comes to identifying value, typical fundamental metrics like price-to-earnings (P/E) or price-to-book (P/B) are often used. Both metrics rest on accounting outputs (reported earnings and book value), and accounting rules allow significant discretion in non-cash expenses, depreciation schedules and goodwill write-downs.

VictoryShares International Free Cash Flow ETF applies a proven FCF and growth-driven stock-picking formula to non-US large caps. IFLO's recent outperformance is driven by significant exposure to gold miners, benefiting from gold's price rally. The ETF's portfolio is heavily tilted toward cyclical sectors, raising risk during downturns and warranting a below-average valuation multiple.

High-flying IPOs, momentum, high-beta, and growth are making it appear as though value is no longer in style. However, as famed value investor Seth Klarman said in a recent Bloomberg interview, value opportunities are always lurking in the background even in today's market.

For years, the search for high-quality, cash-generating businesses has been a predominantly American story. But that is changing, and for advisors building portfolios in an era of historically concentrated domestic markets, the shift carries real implications.

I coached my son's Little League baseball team for 10 seasons. There were often months-long gaps between when I would see the kids.

Investing in international equities presents unique challenges across markets. This is where a flexible metric that can span international borders can be beneficial — free cash flow (FCF).

With the S&P 500 Index pushing to new highs, many advisors are confronting a familiar challenge: how to maintain equity exposure without taking on unnecessary valuation risk.

With the S&P 500 posting multiple record highs this year, many investors are questioning whether valuations have peaked—and whether now is the right time to commit new capital. That uncertainty can lead to hesitation or even sitting on the sidelines.

Victory Capital has expanded its free cash flow (FCF) ETF suite with the addition of two international products. The VictoryShares International Free Cash Flow ETF (IFLO) and the VictoryShares International Free Cash Flow Growth ETF (GRIN) launched on June 26, 2025.