ETFs hold about 13% of the US equity assets
Listen up, folks. This is a very important data point and development.
The ETF market has been instrumental to the success of the US equities markets. They hold about 13% of the US equity assets - the largest share of any mature market. Passive ETFs have a huge impact on the demand for shares of the largest listed firms (i.e. Mag 7).
Even at RMB 3 trillion ($428B), ETFs account for just 3% to 4% of China's total equity assets. As this penetration grows, so will mainland investors' ability to partake more effectively in the growth and success of the domestic market.
$iShares MSCI China ETF(MCHI)$ $KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$ $KraneShares Hang Seng TECH Index ETF(KTEC)$ $KraneShares CSI China Internet ETF(KWEB)$ $iShares China Large-Cap ETF(FXI)$
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https://twitter.com/BrianTycangco/status/1840701995721900096
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