Weekly Fund Flows Overview

Date: Week ending October 2, 2024

Key Insights

China funds recorded an impressive $13.9 billion inflow, driven by a more than 20% market rebound following government stimulus measures aimed at supporting the slowing economy.
Citi highlighted this is the second largest inflow ever, following $20.6 billion in February.

The Hang Seng China Enterprise Index (CEI) rose 35% from its recent low, bolstered by the stimulus package announced on September 24.
Some stocks have seen their prices more than double within days.
The trajectory of Chinese equities remains dependent on further measures from Beijing and signs of improved consumer spending during key holidays.

U.S. Funds: Experienced net redemptions of $9.7 billion due to slowing ETF inflows.
European Funds: Saw outflows of $6.1 billion, the largest weekly drop since 2022.
Both UK and EU funds contributed to these outflows.
Global and Japanese Funds: Each attracted over $2 billion in inflows.
In Asia, India and the Philippines recorded foreign inflows, while Korea and Taiwan faced small outflows.
Japan’s TOPIX index has faced six weeks of consecutive foreign selling, wiping out most year-to-date inflows.