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 ($, mm) |
AUM % Change< |
|
FXI |
iShares Trust - China Large-Cap ETF |
3,497.63 |
10,803.47 |
32.38 |
|
VOO |
Vanguard 500 Index Fund |
2,518.99 |
535,281.66 |
0.47 |
|
SCHX |
Schwab U.S. Large-Cap ETF |
2,327.71 |
49,075.20 |
4.74 |
|
IVV |
iShares Core S&P 500 ETF |
2,150.33 |
540,404.71 |
0.40 |
|
ASHR |
Xtrackers Harvest CSI 300 China A-Shares ETF |
1,504.78 |
3,466.95 |
43.40 |
|
BND |
Vanguard Total Bond Market ETF |
798.30 |
117,775.50 |
0.68 |
|
MCHI |
iShares MSCI China ETF |
761.85 |
6,574.01 |
11.59 |
|
YINN |
Direxion Daily FTSE China Bull 3X Shares |
758.47 |
2,572.17 |
29.49 |
|
VWO |
Vanguard FTSE Emerging Markets ETF |
736.71 |
85,317.17 |
0.86 |
|
GOVT |
iShares U.S. Treasury Bond ETF |
727.44 |
28,019.76 |
2.60 |
Top 10 Redemptions (All ETFs)
|
Ticker |
Name |
Net Flows ($, mm) |
AUM ($, mm) |
AUM % Change |
|
SPY |
SPDR S&P 500 ETF Trust |
-4,472.30 |
583,518.58 |
-0.77 |
|
LQD |
iShares iBoxx USD Investment Grade Corporate Bond ETF |
-2,353.60 |
28,163.81 |
-8.36 |
|
VTI |
Vanguard Total Stock Market ETF |
-1,757.14 |
440,430.10 |
-0.40 |
|
HYG |
iShares iBoxx USD High Yield Corporate Bond ETF |
-1,436.92 |
14,486.41 |
-9.92 |
|
XLP |
Consumer Staples Select Sector SPDR Fund |
-548.54 |
17,076.05 |
-3.21 |
|
SHV |
iShares Short Treasury Bond ETF |
-521.50 |
18,783.02 |
-2.78 |
|
XLE |
Energy Select Sector SPDR Fund |
-509.34 |
37,306.90 |
-1.37 |
|
VCIT |
Vanguard Intermediate-Term Corporate Bond ETF |
-404.13 |
50,489.66 |
-0.80 |
|
VGLT |
Vanguard Long-Term Treasury Index ETF |
-359.06 |
13,815.11 |
-2.60 |
|
FTC |
First Trust Large Cap Growth AlphaDEX Fund |
-356.40 |
1,101.63 |
-32.35 |
ETF Weekly Flows By Asset Class
|
|
Net Flows ($, 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 >$50 mm AUM
|
Ticker |
Name |
Average Volume
|
1 Week Average
|
% of Average |
|
PSC |
Principal U.S. Small-Cap ETF |
29,976 |
401,986.00 |
1,341.04%% |
|
PSTP |
Innovator Power Buffer Step-Up Strategy ETF |
10,962 |
142,480.00 |
1,299.75%% |
|
FDIV |
MarketDesk Focused U.S. Dividend ETF |
11,717 |
134,784.00 |
1,150.31%% |
|
FNGG |
Direxion Daily NYSE FANG+ Bull 2X Shares |
19,002 |
183,812.00 |
967.31%% |
|
QLTY |
GMO U.S. Quality ETF |
306,112 |
2,834,482.00 |
925.96%% |
|
KJAN |
Innovator U.S. Small Cap Power Buffer ETF - January |
38,813 |
337,358.00 |
869.18%% |
|
SIHY |
Harbor Scientific Alpha High-Yield ETF |
7,120 |
61,846.00 |
868.68%% |
|
XTWY |
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF |
12,101 |
96,346.00 |
796.22%% |
|
PAAA |
PGIM AAA CLO ETF |
318,682 |
2,369,637.00 |
743.57%% |
|
SBND |
Columbia Short Duration Bond ETF |
5,402 |
37,882.00 |
701.20%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
|
Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
|
YBIT |
YieldMax Bitcoin Option Income Strategy ETF |
9.18% |
1,568,089 |
55.82 |
|
AIYY |
YieldMax AI Option Income Strategy ETF |
8.85% |
183,141 |
35.37 |
|
MSTY |
YieldMax MSTR Option Income Strategy ETF |
8.45% |
5,045,560 |
595.50 |
|
ARGT |
Global X MSCI Argentina ETF |
7.41% |
723,493 |
426.32 |
|
WCBR |
WisdomTree Cybersecurity Fund |
7.32% |
93,726 |
108.94 |
|
BUG |
Global X Cybersecurity ETF |
6.84% |
591,220 |
787.72 |
|
LRNZ |
TrueShares Technology, AI & Deep Learning ETF |
6.19% |
12,034 |
35.69 |
|
DAT |
ProShares Big Data Refiners ETF |
6.18% |
9,965 |
5.58 |
|
PALL |
abrdn Physical Palladium Shares ETF |
6.13% |
1,192,784 |
361.14 |
|
SPAM |
Themes Cybersecurity ETF |
5.75% |
2,820 |
1.77 |
Top 10 YTD Performers
|
Ticker |
Name |
YTD Performance |
Weekly Performance |
AUM ($, mm) |
|
NVDY |
YieldMax NVDA Option Income Strategy ETF |
110.69% |
-0.59% |
1,214.36 |
|
GBTC |
Grayscale Bitcoin Trust ETF |
62.83% |
-0.44% |
13,119.59 |
|
GDMN |
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund |
49.07% |
2.36% |
14.01 |
|
SMH |
VanEck Semiconductor ETF |
46.79% |
3.40% |
24,965.00 |
|
WUGI |
AXS Esoterica NextG Economy ETF |
46.13% |
0.61% |
33.59 |
|
SPMO |
Invesco S&P 500 Momentum ETF |
43.47% |
2.94% |
2,666.64 |
|
UTES |
Virtus Reaves Utilities ETF |
43.45% |
-2.01% |
220.46 |
|
DEFI |
Hashdex Bitcoin ETF |
41.62% |
|
8.83 |
|
BITO |
ProShares Bitcoin Strategy ETF |
41.06% |
-0.35% |
1,776.88 |
|
ARKC |
ARK 21Shares Active On-Chain Bitcoin Strategy ETF |
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.
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