根据贝莱德旗下iShares（安硕）网站上的数据，截至周五（10月11日），其在纽交所上市的基金—— Source: Caixin.
Author: Zhao Hao.
The net assets of iShares FTSE China large cap ETF have reached $10.86 billion, also marking the first time that a Chinese stock ETF listed in the USA has surpassed $10 billion in size;
According to the Bank of America strategy team, as economic growth forecasts are raised and bond yields rise, it is expected that asset allocation to China will increase.
According to data from iShares (BlackRock) website, as of Friday (October 11), the net assets of its fund listed on the NYSE - $iShares China Large-Cap ETF (FXI.US)$ 's net assets have reached $10.86 billion.
这也是在美上市的中国股票ETF规模首次突破10 billion美元。据了解，FXI这只ETF成立于20年前，追踪的是富时中国50指数，覆盖了在港股上市的市值最大、流动性最好的50只股票。
FXI的第一大权重股是 $MEITUAN-W (03690.HK)$ ，占比为10.69%，其次为 $BABA-W (09988.HK)$Please use your Futubull account to access the feature.$TENCENT (00700.HK)$Please use your Futubull account to access the feature.$CCB (00939.HK)$ and $JD-SW (09618.HK)$ In the top ten, there is $XIAOMI-W (01810.HK)$Please use your Futubull account to access the feature.$BYD COMPANY (01211.HK)$N/A.$PING AN (02318.HK)$and$BANK OF CHINA (03988.HK)$ and $ICBC (01398.HK)$.
Data shows that on Thursday, October 9th, the net inflow of funds into FXI reached $1.6 billion, setting a record for single-day net inflow. As of the Friday close, FXI was at $33.38, rising 5% this month after a 20% increase last month.
On Monday, FXI once reached $37.50, the highest level since November 2021.
In addition to FXI,$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$and$Direxion Daily CSI China Internet Index Bull 2x Shares ETF (CWEB.US)$ other ETFs tracking Chinese assets have also shown significant strength recently.
Overseas institutions emphasize that the valuation advantage remains.
Last month, a series of policies to support the high-quality development of the economy in China were intensively introduced, boosting market confidence and improving investor expectations. Yesterday, Minister of Finance Lian Weiqing stated that there is still significant room for central fiscal borrowing and deficit increases.
Chief Executive Officer Steven Schoenfeld of New York MarketVector Indexes commented, "To some extent, the stimulus measures have already taken effect. The market has indicated this."
$KraneShares CSI China Internet ETF (KWEB.US)$ Chief Investment Officer Brendan Ahern of provider KraneShares stated, "For a long time, Chinese stocks have been underrepresented in global indexes, with lower valuations compared to similar stocks globally."
"The Fed is cutting interest rates, a U.S. economic recession may be imminent, so why not invest a portion of profits in China with higher cost-effectiveness?" Ahern said, "There are huge opportunities hidden in valuations."
Schoenfeld believes that China's share in major stock indices still underestimates the country's enormous economic potential. "Given the strong rebound post-policy announcements, the pullback on Wednesday is not surprising. In fact, it just means investors can now buy Chinese stocks at a slightly discounted price."
Bank of America strategist Michael Hartnett also recommends buying Chinese stocks on dips. The team suggests that as economic growth forecasts are revised upwards and bond yields rise, asset allocation to China is expected to increase.
Goldman Sachs strategists wrote in a report that the recent rebound in emerging market equities was primarily driven by the surge in the Chinese stock market from its lows, reaching the highest level in 25 years relative to other emerging markets. "We expect further gains in emerging market equities."
Editor/Jeffy
