Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today focuses on the far east, namely, a big China-focused .
We have seen some very near-term upside activity in (iShares China Large-Cap) options consisting of the weekly expiring June calls, which expire tomorrow.
Elsewhere — and additional to Asia Equity action — we have seen some nibbling in (iShares MSCI Japan) this week with more than $315 million added to the fund via creation flows. While these are not gigantic flows given the $16.8 billion AUM in the fund, we are still taking notice.
Top holdings in EWJ are as follows: 1) Toyota Motor (NYSE:) (3.89%), 2) Mitsubishi UFJ Financial Group (NYSE:) Inc. (2.27%), 3) Lion Corp (T:) (1.99%), 4) SoftBank Group (OTC:) (1.94%) and 5) Sumitomo Mitsui Financial Group (NYSE:) (1.51%).
The iShares FTSE/Xinhua China 25 Index ETF (NYSE:FXI) was trading at $39.90 per share on Thursday morning, up $0.42 (+1.06%). Year-to-date, FXI has gained 14.95%, versus a 8.87% rise in the benchmark during the same period.
FXI currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 32 ETFs in the China Equities ETFs category.
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