Cross-border ETFs such as US stocks and Nikkei face a large number of redemptions at high levels

China Finance Online
2024.10.22 04:13
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From September 1st to October 21st, cross-border ETFs such as NASDAQ and Nikkei experienced a large number of redemptions, with the highest proportion of fund shares decreasing by nearly 40%. ETFs such as NASDAQ 100ETF and US 50ETF saw billions of shares redeemed, with share reductions of 39.5%, 39.1%, 33.7%, and 33.4% respectively. In contrast, cross-border ETFs focusing on Hong Kong stocks in the technology, consumer, and innovative pharmaceutical themes attracted inflows, with the share of nearly 10 Hong Kong ETFs more than doubling