3 China ETFs Had Huge Inflows Last Week
Investors flocked to China ETFs as Chinese stock prices surged.
Year-to-date inflows for U.S.-listed exchange-traded funds topped $694 billion last week thanks to a strong week of inflows.
Investors plowed $10.3 billion into U.S. equity ETFs, $8.6 billion into international equity ETFs and $5.8 billion into U.S. fixed income ETFs during the week ending Friday, Oct. 4. In total, $28.2 billion went into U.S.-listed ETFs last week.
The hefty inflows for international equity ETFs, in particular, were notable. Investors used ETFs to get exposure to the rip-roaring rally in China’s stock market.
Three of the ten ETFs with the largest inflows last week were China funds, while one was a broad emerging markets ETF with a heavy weighting in Chinese stocks.
The iShares Trust - China Large-Cap ETF (FXI) had inflows of $2.6 billion last week; the KraneShares CSI China Internet ETF (KWEB) had inflows of $1.3 billion; and the Direxion Daily FTSE China Bull 3X Shares (YINN) had inflows of $819 million.
The iShares Core MSCI Emerging Markets ETF (IEMG) picked up $662 million of inflows.
While fast money rushed into China ETFs, long-term investors focused on the U.S. stock market continued to put money to work at the same time.
The iShares Core S&P 500 ETF (IVV) and the Vanguard 500 Index Fund (VOO), two funds popular with long-term investors, had inflows of $7.2 billion and $3.7 billion, respectively, last week.
In contrast, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) topped the outflows list, with redemptions of $6 billion and $4 billion, respectively.
The two ETFs have wide ranging investor bases composed of both short- and long-term investors.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| IVV | iShares Core S&P 500 ETF | 7,168.56 | 530,561.63 | 1.35 |
| VOO | Vanguard 500 Index Fund | 3,685.97 | 525,155.17 | 0.70 |
| FXI | iShares Trust - China Large-Cap ETF | 2,634.05 | 7,752.71 | 33.98 |
| KWEB | KraneShares CSI China Internet ETF | 1,364.16 | 8,055.45 | 16.93 |
| VTI | Vanguard Total Stock Market ETF | 869.00 | 436,127.70 | 0.20 |
| RSP | Invesco S&P 500 Equal Weight ETF | 837.09 | 64,862.68 | 1.29 |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 834.60 | 30,891.87 | 2.70 |
| YINN | Direxion Daily FTSE China Bull 3X Shares | 818.59 | 2,332.78 | 35.09 |
| IEMG | iShares Core MSCI Emerging Markets ETF | 661.70 | 85,909.09 | 0.77 |
| SCHD | Schwab U.S. Dividend Equity ETF | 641.79 | 61,914.14 | 1.04 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -6,041.17 | 579,638.53 | -1.04 |
| QQQ | Invesco QQQ Trust | -4,041.17 | 288,470.83 | -1.40 |
| HDV | iShares Core High Dividend ETF | -490.67 | 11,203.95 | -4.38 |
| SCHO | Schwab Short-Term U.S. Treasury ETF | -431.05 | 11,094.85 | -3.89 |
| IWF | iShares Russell 1000 Growth ETF | -427.49 | 97,639.68 | -0.44 |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | -383.05 | 9,285.48 | -4.13 |
| IWM | iShares Russell 2000 ETF | -378.64 | 67,502.92 | -0.56 |
| MDY | SPDR S&P MidCap 400 ETF Trust | -367.23 | 22,745.19 | -1.61 |
| USMV | iShares MSCI USA Min Vol Factor ETF | -336.81 | 24,318.79 | -1.38 |
| TQQQ | ProShares UltraPro QQQ | -335.86 | 23,336.99 | -1.44 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | -59.03 | 8,660.23 | -0.68% |
| Asset Allocation | 77.29 | 20,517.81 | 0.38% |
| Commodities | 725.60 | 162,176.49 | 0.45% |
| Currency | 305.11 | 64,381.78 | 0.47% |
| International Equity | 8,594.39 | 1,612,405.16 | 0.53% |
| International Fixed Income | 2,335.89 | 225,913.42 | 1.03% |
| Inverse | -24.62 | 13,301.47 | -0.19% |
| Leveraged | 132.05 | 110,969.37 | 0.12% |
| U.S. Equity | 10,302.33 | 6,170,277.23 | 0.17% |
| U.S. Fixed Income | 5,837.72 | 1,552,014.18 | 0.38% |
| Total: | 28,226.72 | 9,940,617.14 | 0.28% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 1,833.39 | 8,702.33 | 21.07% |
| Asset Allocation | 1,920.25 | 20,625.40 | 9.31% |
| Commodities | -338.32 | 161,833.45 | -0.21% |
| Currency | 18,407.28 | 70,331.69 | 26.17% |
| International Equity | 69,610.77 | 1,627,348.03 | 4.28% |
| International Fixed Income | 48,754.61 | 225,147.77 | 21.65% |
| Inverse | 3,049.34 | 13,127.01 | 23.23% |
| Leveraged | 4,651.45 | 113,884.74 | 4.08% |
| U.S. Equity | 373,987.68 | 6,209,455.45 | 6.02% |
| U.S. Fixed Income | 172,125.57 | 1,558,673.85 | 11.04% |
| Total: | 694,002.03 | 10,009,129.72 | 6.93% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| HYDW | Xtrackers Low Beta High Yield Bond ETF | 35,163 | 930,072.00 | 2,645.02%% |
| CPNJ | Calamos Nasdaq-100 Structured Alt Protection ETF - June | 31,979 | 676,255.00 | 2,114.68%% |
| JVAL | JPMorgan U.S. Value Factor ETF | 90,295 | 1,349,833.00 | 1,494.91%% |
| CIL | VictoryShares International Volatility Wtd ETF | 2,171 | 27,622.00 | 1,272.05%% |
| QLTA | iShares Aaa-A Rated Corporate Bond ETF | 178,268 | 2,167,517.00 | 1,215.87%% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 106,232 | 981,466.00 | 923.89%% |
| AGGY | WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 152,523 | 1,293,247.00 | 847.90%% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 43,544 | 355,754.00 | 817.00%% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 49,369 | 397,750.00 | 805.67%% |
| SEIX | Virtus Seix Senior Loan ETF | 103,485 | 825,894.00 | 798.08%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| SFY | SoFi Select 500 ETF | 402.22% | 612,139 | 885.45 |
| CNXT | VanEck ChiNext ETF | 13.23% | 1,291,829 | 20.20 |
| ASHS | Xtrackers Harvest CSI 500 China-A Shares Small Cap ETF | 12.78% | 617,270 | 33.74 |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 12.56% | 127,498,186 | 2,206.33 |
| FXI | iShares Trust - China Large-Cap ETF | 12.06% | 637,722,052 | 7,752.71 |
| PGJ | Invesco Golden Dragon China ETF | 11.36% | 3,064,423 | 183.70 |
| JCHI | JPMorgan Active China ETF | 10.61% | 66,327 | 13.50 |
| CGRO | CoreValues Alpha Greater China Growth ETF | 10.56% | 10,157 | 9.94 |
| BWET | Breakwave Tanker Shipping ETF | 10.29% | 17,009 | 3.24 |
| KWEB | KraneShares CSI China Internet ETF | 10.22% | 302,328,174 | 8,055.45 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| NVDY | YieldMax NVDA Option Income Strategy ETF | 96.08% | 1.84% | 1,110.93 |
| GBTC | Grayscale Bitcoin Trust ETF | 57.36% | -1.62% | 13,465.27 |
| UTES | Virtus Reaves Utilities ETF | 49.10% | 3.82% | 219.96 |
| GDMN | WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 48.12% | -0.50% | 14.20 |
| FXI | iShares Trust - China Large-Cap ETF | 44.03% | 12.06% | 7,752.71 |
| MCH | Matthews China Active ETF | 41.71% | 8.85% | 43.84 |
| WUGI | AXS Esoterica NextG Economy ETF | 40.76% | 4.81% | 32.61 |
| SMH | VanEck Semiconductor ETF | 39.85% | 1.00% | 24,121.35 |
| MAGS | Roundhill Magnificent Seven ETF | 39.58% | -0.39% | 769.78 |
| SPMO | Invesco S&P 500 Momentum ETF | 38.32% | 1.13% | 2,491.36 |
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.
