Following China's announced stimulus in Sept., a burst of enthusiasm led to $2.1b of inflows for ETF's that comprise our China Theme, with rolling 5-day accumulated inflows peaking at a record high on Oct. 1. As enthusiasm faded, and additional stimulus in November underwhelmed, investors were reminded of the structural challenges China faces (demographics, deglobalization, and debt), pulling out over $1b from the theme. However, as valuations relative to the U.S. revert, the potential for additional stimulus, and net flows stabilize, we're neutral on the theme while on watch for shorter-term tactical opportunities.
Complete the form and a member of our team will send you a copy of this publication.
While you wait, explore additional NDR research and solutions.
Institutional Investors
Custom Research
Wealth Managers
Stock Selection
ETF Selection
Please note that you are using an unsupported browser. While the site will continue to function, you might experience sub-optimal behavior until you upgrade. Please update your browser to a later version for a better experience.