Zhong Guo Ji Jin Bao·2025-10-09 22:38Core Insights - The largest Chinese stock ETF in the U.S., KWEB, has surpassed $10 billion in assets under management (AUM), reaching a record high of $100.2 billion since its inception in 2013, although it has slightly decreased to approximately $99.1 billion recently [1][5]. Fund Performance - KWEB tracks the CSI Overseas China Internet Index and its top ten holdings as of September 30, 2025, include Alibaba (11.39%), Tencent (10.68%), and PDD Holdings (7.45%) [2][6]. - Other notable ETFs include MCHI with $8.61 billion, FXI with $7.10 billion, and CQQQ with $2.86 billion, all of which have also surpassed $1 billion in AUM [6][7]. Historical Context - KWEB's AUM has experienced significant fluctuations, peaking at $96.88 billion in November 2021 before dropping to $39.66 billion in March 2022. It has since rebounded, reaching $88.37 billion by March 2025 and finally surpassing $100 billion in October 2025 [3][5]. Fund Flows - In the past week, KWEB attracted $50.82 million in inflows, indicating strong investor interest, although it experienced a slight outflow of $0.11 million on a single day [8][9].