Investors Sent Billions More Into China ETFs Last Week
Investors continued to pile into China-related exchange-traded funds last week even as the momentum in China’s stock market stalled.
Four of the ten ETFs with the largest inflows last week were China funds, helping to fuel almost $20 billion of weekly inflows for U.S.-listed ETFs as a whole.
Thanks to China ETFs, international equity ETFs topped U.S. equity ETFs in terms of inflows during the week ending Friday, Oct. 11, with the former pulling in $8.6 billion versus $4.7 billion for the latter.
The largest inflows went into the iShares Trust – China Large-Cap ETF (FXI).
Its $3.5 billion of inflows were ahead of the $2.5 billion that went into the Vanguard 500 Index Fund (VOO), 2024’s top fund for inflows.
The Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) was another big weekly flows winner, with inflows of $1.5 billion.
The iShares MSCI China ETF (MCHI) and the Direxion Daily FTSE China Bull 3X Shares (YINN) were also popular; each pulled in just over $750 million of new money during the week.
China ETFs registered strong inflows last week despite a sell-off in Chinese stocks.
FXI reached its highest level since early 2022 last Monday, but then proceeded to drop more than 10% as traders took profits and the Chinese government failed to deliver on some of the most aggressive stimulus measures that some bulls had hoped for.
Still, the ETF is up a strong 37% since the start of the year and 29% just since Sept. 10.
The tripled-leveraged YINN is up even more: 86% since the start of the year and 92% since Sept. 10.
The question is: Are there more gains to come, or are recent investors in China ETFs getting in at the top?
For a full list of last week’s top ETF inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
3,497.63 | 10,803.47 | 32.38 | ||
2,518.99 | 535,281.66 | 0.47 | ||
2,327.71 | 49,075.20 | 4.74 | ||
2,150.33 | 540,404.71 | 0.40 | ||
1,504.78 | 3,466.95 | 43.40 | ||
798.30 | 117,775.50 | 0.68 | ||
761.85 | 6,574.01 | 11.59 | ||
758.47 | 2,572.17 | 29.49 | ||
736.71 | 85,317.17 | 0.86 | ||
727.44 | 28,019.76 | 2.60 |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
-4,472.30 | 583,518.58 | -0.77 | ||
-2,353.60 | 28,163.81 | -8.36 | ||
-1,757.14 | 440,430.10 | -0.40 | ||
-1,436.92 | 14,486.41 | -9.92 | ||
-548.54 | 17,076.05 | -3.21 | ||
-521.50 | 18,783.02 | -2.78 | ||
-509.34 | 37,306.90 | -1.37 | ||
-404.13 | 50,489.66 | -0.80 | ||
-359.06 | 13,815.11 | -2.60 | ||
-356.40 | 1,101.63 | -32.35 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM |
Alternatives | 47.29 | 8,680.02 | 0.54% |
Asset Allocation | 151.96 | 20,685.72 | 0.73% |
Commodities | 371.14 | 161,160.70 | 0.23% |
Currency | 112.09 | 63,295.63 | 0.18% |
International Equity | 8,612.82 | 1,615,117.82 | 0.53% |
International Fixed Income | 1,955.32 | 226,301.81 | 0.86% |
Inverse | 415.29 | 13,378.43 | 3.10% |
Leveraged | 770.11 | 115,988.31 | 0.66% |
U.S. Equity | 4,666.40 | 6,249,830.00 | 0.07% |
U.S. Fixed Income | 2,440.00 | 1,540,414.64 | 0.16% |
Total: | 19,542.43 | 10,014,853.07 | 0.20% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume | 1 Week Average | % of Average |
401,986.00 | 1,341.04%% | |||
142,480.00 | 1,299.75%% | |||
134,784.00 | 1,150.31%% | |||
183,812.00 | 967.31%% | |||
2,834,482.00 | 925.96%% | |||
337,358.00 | 869.18%% | |||
61,846.00 | 868.68%% | |||
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 96,346.00 | 796.22%% | ||
2,369,637.00 | 743.57%% | |||
37,882.00 | 701.20%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
9.18% | 1,568,089 | 55.82 | ||
8.85% | 183,141 | 35.37 | ||
8.45% | 5,045,560 | 595.50 | ||
7.41% | 723,493 | 426.32 | ||
7.32% | 93,726 | 108.94 | ||
6.84% | 591,220 | 787.72 | ||
6.19% | 12,034 | 35.69 | ||
6.18% | 9,965 | 5.58 | ||
6.13% | 1,192,784 | 361.14 | ||
5.75% | 2,820 | 1.77 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
110.69% | -0.59% | 1,214.36 | ||
62.83% | -0.44% | 13,119.59 | ||
49.07% | 2.36% | 14.01 | ||
46.79% | 3.40% | 24,965.00 | ||
46.13% | 0.61% | 33.59 | ||
43.47% | 2.94% | 2,666.64 | ||
43.45% | -2.01% | 220.46 | ||
41.62% |
| 8.83 | ||
41.06% | -0.35% | 1,776.88 | ||
40.65% | -0.42% | 1.71 |
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.