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Asia Aversion: Investors Remain Cautious Towards Asian Stocks but Find Opportunity in India and Australia

Jun 11, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

Name Ticker

1-Day
Fund Flow ($)

1-Week
Fund Flow ($)

1-Month
Fund Flow ($)

3-Month
Fund Flow ($)

Assets Under
Management ($ billions)

iShares MSCI Japan ETF EWJ $0 -$300,876,780 -$1,364,318,655 -$2,782,299,750 $12.44
iShares MSCI India ETF INDA $0 $0 $229,245,375 $254,941,230 $5.33
iShares China Large-Cap ETF FXI $0 $0 -$436,491,465 -$557,802,900 $5.31
iShares MSCI China ETF MCHI $0 $0 -$201,086,380 $96,726,540 $4.14
WisdomTree Japan Hedged Equity Fund DXJ $0 -$40,697,043 -$155,476,018 -$306,329,681 $2.95
iShares MSCI Hong Kong ETF EWH $0 $0 -$292,228,433 -$661,954,342 $2.37
iShares MSCI Australia ETF EWA $0 $0 $72,797,180 $129,779,220 $1.41
SPDR S&P China ETF GXC $0 -$35,841,504 -$208,527,527 -$53,918,126 $1.21
iShares India 50 ETF INDY $0 $0 $99,606,720 $99,606,720 $0.96
WisdomTree Japan SmallCap Dividend Fund DFJ $0 -$6,483,990 -$19,698,759 -$200,460,709 $0.55
Invesco China Technology ETF CQQQ $0 -$6,319,650 -$4,382,650 -$11,030,100 $0.48

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

  • Investors are clearly averse towards buying Chinese and Japanese stocks with all ETFs that invest in the regions highlighted above maintaining negative fund flows on a 1-week, 1-month, and 3-month basis (with the exception of iShares MSCI China ETF’s (MCHI) 3-month fund flow).
  • MCHI has a “BUY” trading signal and a “Good” Smart Beta rating.
     
  • Within the Asian region, investors appear to favor buying Indian ETFs with the only two India-focused ETFs highlighted above, the iShares MSCI India ETF (INDA) and the iShares India 50 ETF (INDY), maintaining positive fund flows on a 1-month and 3-month basis.
  • INDA has a “SELL” trading signal and a “Caution” Smart Beta rating.  
  • INDY has a “Poor" Smart Beta rating.
     
  • Investors may also be optimistic towards Australian stocks with the iShares MSCI Australia ETF (EWA) in the green on both a 1-month and 3-month fund flow basis.
  • EWA has a “SELL” trading signal and a “Poor” Smart Beta rating.

 

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Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS