The 4 Hottest China ETFs of 2024

These ETFs have received billions of dollars of inflows over the past month.

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sumit
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Senior ETF Analyst
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Reviewed by: etf.com Staff
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Edited by: James Rubin


 

The stimulus-fueled rally in the Chinese stock market has been a massive tailwind for the growth of exchange-traded funds tied to the country. 

Investors have thrown $13.3 billion into U.S.-listed China ETFs over the past month, more than reversing the hefty outflows that the funds had seen earlier this year.

On a year-to-date basis, China ETFs now have net inflows of $8.2 billion, according to Bloomberg data. 

FXI

The bulk of the money has gone into a handful of ETFs. The biggest flows winner by far has been the iShares China Large Cap ETF (FXI), with inflows of $6.1 billion over the past month and $5.1 billion for 2024 as a whole.

FXI holds a basket of large cap Chinese stocks that trade on the Hong Kong Stock Exchange. Its top holdings currently include Meituan, Alibaba, Tencent, China Construction Bank and JD.com.

The fund doesn’t hold stocks listed on other Chinese exchanges, like the Shenzhen Stock Exchange or the Shanghai Stock Exchange. 

etf.com

YINN

No. 2 on the list is the Direxion Daily FTSE China Bull 3x Shares (YINN), with one-month inflows of $1.5 billion and year-to-date inflows of $1.4 billion.

As a triple-leveraged ETF tied to the FTSE China 50 Index, YINN is volatile. The ETF was flat on the year as recently as Sept 10. Over the next month, it nearly tripled. 

Today, the fund is up 105% on a year-to-date basis.

KWEB, ASHR 

The Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) and the KraneShares CSI China Internet ETF (KWEB) have also been popular, with one-month inflows of $1.7 billion and $2 billion, respectively, and year-to-date inflows of $1 billion and $909 million.

ASHR tracks the CSI 300 Index, which is composed of the top 300 stocks listed on the Shenzhen Stock Exchange and the Shanghai Stock Exchange. 

KWEB tracks the CSI Overseas China Internet Index, which is composed of internet companies listed on the Hong Kong Stock Exchange, the Nasdaq, or the New York Stock Exchange.

In total, there are now 44 U.S.-listed China ETFs with a collective $34.3 billion in assets under management. It’s not a huge category, but it’s one that’s growing fast thanks to the renewed interest in China’s stock market. 
 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.

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