According to the latest data from the Investment Company Institute (ICI), as of December 4, 2024, the USA ETF has achieved a net Inflow of over 1 trillion USD, setting a new historical high. Both Vanguard and Blackrock (iShares), the two major ETF issuers, attracted more than 200 billion USD in subscription funds; managers like JPMorgan, which focus on actively managed ETFs, have performed exceptionally well; with the surge in Technology stocks, issuers like Invesco have also recorded outstanding performance. From the start of this year until December 4, the net issuance of USA ETFs was 1025.929 billion USD; during the same period, the net issuance of stock ETFs was 727.849 billion USD. In the sub-sectors of stock ETFs, those investing in domestic stocks of the USA accounted for the largest proportion, with a net issuance of 641.988 billion USD, Bond ETFs had a net issuance of 288.587 billion USD, Diversified Bond ETFs had a net issuance of 3.61 billion USD, and Commodity ETFs had a net issuance of 5.881 billion USD. One of the three major passive investment giants in the USA, State Street, recently indicated that it expects the total issuance of ETFs in the USA to reach 1.2 trillion USD in 2024. (CHINA FUND INC)