Investors Sent Billions More Into China ETFs Last Week

Oct 14, 2024

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 (30 Day)	1 Week Average Volume	% 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.