U.S. and China ETFs Shine Bright: A Deep Dive into Last Week's Top Performers!
Last week, global ETFs attracted $28.2 billion in capital, pushing total inflows for 2024 to $694 billion. U.S. equity ETFs led with $10.3 billion, followed by $8.6 billion in international equity ETFs and $5.8 billion in fixed-income ETFs.
The five most popular ETFs were iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), iShares China Large-Cap ETF (FXI), KraneShares CSI China Internet ETF (KWEB), and Vanguard Total Stock Market ETF (VTI).
Global Tensions and Economic Data Impact the Market
The Middle East saw escalating tensions as Iran launched missiles at Israel, pushing investors towards safer assets. However, strong U.S. job reports restored market confidence, with stocks rising. The U.S. added 254,000 jobs in September, and the unemployment rate fell to 4.1%, helping all major indexes post their fourth straight weekly gains. Notably, the Dow hit a new all-time high.
Meanwhile, China's stock market surged, fueled by stimulus measures such as interest rate cuts and liquidity boosts for banks, driving flows into China-linked ETFs.
Top ETFs of Last Week
iShares Core S&P 500 ETF (IVV) – Pulled in $7.2 billion. Tracks the S&P 500 with 503 stocks, heavily weighted in tech, financials, and healthcare. It has a low expense ratio of 0.03% and $530.6 billion in assets.
Vanguard S&P 500 ETF (VOO) – Attracted $3.7 billion. Similar to IVV, it tracks the S&P 500, charges 0.03%, and has $525.1 billion in assets.
iShares China Large-Cap ETF (FXI) – Gained $2.6 billion. Focuses on large Chinese companies, mainly in consumer, financials, and communication sectors. It has $7.7 billion in assets.
KraneShares CSI China Internet ETF (KWEB) – Pulled in $1.4 billion. It invests in China-based internet companies, managing $8 billion in assets.
Vanguard Total Stock Market ETF (VTI) – Saw $3.869 billion in inflows. Covers the broader U.S. stock market with 3,656 stocks and an expense ratio of 0.03%, managing $440.4 billion in assets.
Global ETF markets saw robust inflows last week, especially in U.S. and China-focused funds. Despite geopolitical tensions, strong economic fundamentals helped these five ETFs stand out as investor favorites.
$标普500指数ETF(IVV)$ $Vanguard标普500ETF(VOO)$ $中国大盘股ETF-iShares(FXI)$ $中国海外互联网ETF-KraneShares(KWEB)$ $大盘指数ETF-Vanguard MSCI(VTI)$
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