Cross-border ETFs such as US stocks and Nikkei face a large number of redemptions at high levels
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
According to Wind statistics, from September 1st to October 21st, cross-border ETFs such as NASDAQ and Nikkei suffered a large number of redemptions, with the highest proportion of fund shares decreasing by nearly 40%. Among them, the highly anticipated cross-border ETFs in the first half of this year, such as NASDAQ 100 ETF, S&P 50 ETF, Asia-Pacific Select ETF, and Nikkei 225 ETF, all saw investors redeeming over a hundred million shares. As of October 21st, the fund shares of the above-mentioned products decreased by 39.5%, 39.1%, 33.7%, and 33.4% respectively compared to September 1st. In addition, the latest fund shares of two Saudi ETFs have also decreased by around 20% since early September. In contrast, cross-border ETFs focusing on Hong Kong's technology, consumer, and innovative pharmaceutical themes have seen an influx of funds, with the highest increase in fund shares from September 1st to October 21st. Among them, the fund shares of nearly 10 Hong Kong ETFs, including Hong Kong Internet ETF, Hang Seng New Economy ETF, and Hang Seng Consumer ETF, have more than doubled