Capital flows

Reports on this topic

Cailian Press2026-11-04

A-share afternoon rebound: Semiconductors lead gains as institutional trading focuses on Quectel and Piotech

On 4 November, the SSE STAR 50 Index rose nearly 10%, while turnover on the Shanghai and Shenzhen exchanges increased by 334.3 billion yuan from the previous trading day. Among stocks on the trading disclosure lists with institutional net purchases exceeding ten million yuan, Quectel and Piotech ranked near the top, while institutions were net sellers of some strong semiconductor stocks over the same period.

Bank of America2026-10-30

Bank of America: Tech Stock Declines Drive CTA Position Cuts as Systematic Selling Pressure Persists in Global Equities

BofA’s model shows that weakening trends and rising volatility are prompting CTAs to cut equity exposure. Systematic flows could differ sharply over the coming week depending on whether global equities fall, remain flat or rise.

2026-11-03

3 November institutional trading rankings: computing hardware sees net selling, while aluminum-plastic film and short dramas attract attention

The market retreated on lower turnover. Among stocks with institutional net purchases or sales exceeding ten million yuan, more saw net selling than net buying. The report focuses on Zizhu High-tech’s aluminum-plastic film market share and Ciwen Media’s short-drama strategy as key business leads.

野村东方国际2026-10-29

A-share ETF inflows concentrate; Nomura Orient International says they may ease selling pressure but are unlikely to drive a sustained reversal

In the week ended 23 October, net subscriptions to ETFs tracking the CSI 300, ChiNext and STAR 50 indices rose sharply and were concentrated in those funds. Nomura Orient International believes sustained inflows can help ease selling pressure, but their current scale is insufficient to drive a sustained market reversal.

天风证券2026-10-30

Northbound capital increased bank holdings and reduced new-energy holdings in the third quarter: distinguish active from passive changes

Tianfeng Securities data show that active increases in northbound holdings in the third quarter of 2026 were concentrated in banks. Among individual stocks, Zijin Mining, China Merchants Bank and WuXi AppTec ranked highest, while CATL saw a sizable active reduction.

J.P. Morgan2026-10-28

J.P. Morgan: Retail investors turn cautious at earnings-season peak: inflows halve as tech buying cools

JPMorgan tracking shows retail inflows fell to $3.3 billion from 22 October to October 28. Investors continued to buy tech stocks but took limited positions ahead of earnings; a sharp fall in Brazilian equities attracted unusually strong dip buying.

Barclays2026-10-28

Barclays: Equity positions have not retreated significantly, but money is shifting toward bonds and defensive sectors

Barclays observes that overall global equity positioning remains slightly above normal, while demand for the safety of U.S. Treasuries has recovered, European equities have been sold, and significant rotation has emerged within technology and cyclical sectors.

2026-10-29

A-share rally gives way to divergence: capital turns defensive as robotics and commercial aerospace take turns leading

By midday on 29 October, the ChiNext Index had weakened while bank and dividend stocks strengthened. The report considers robotics to remain the main short-term theme, with capital flowing out temporarily shifting to commercial aerospace, and highlights Chaojie Fastener’s rocket structural components business.

Bank of America2026-10-23

Bank of America: CTA cross-asset position cuts accelerate: Treasury shorts covered, S&P approaches sell trigger

A Bank of America model shows that shorts in intermediate- and long-term US Treasuries have been substantially covered, while S&P 500 futures are only about 0.5% from the first CTA sell trigger. Over the coming week, systematic strategies could net sell 48 billion US dollars of global equities even if markets are flat.

J.P. Morgan2026-10-26

J.P. Morgan: Semiconductor ETF inflows hit a record, while CTA signals point to lower risk in US and Japanese equities

JPMorgan tracking shows semiconductor ETFs drew net inflows of 12.7 billion dollars in one week, with money shifting toward unleveraged products. Meanwhile, bond ETFs attracted demand and gold saw outflows, while trend-trading signals indicate reductions in US and Japanese equity positions.

Nomura2026-10-26

Nomura: Inflows into US assets slow as bond funds see outflows while equity funds continue to attract net subscriptions

From 19 October to the 23rd, net foreign inflows into US-focused funds fell to 650 million dollars, mainly as bond funds shifted to net redemptions. Equity fund inflows were broadly flat from the previous week but below the average for the preceding 12 weeks. South Korean retail investment in the US also cooled, while emerging market ETFs maintained net inflows.

Goldman Sachs2026-10-24

Goldman Sachs: Emerging-market fund flows diverge: Chinese ETFs signal renewed buying, foreign investors keep selling Taiwan, and Indonesia faces index downgrade

Goldman Sachs monitoring shows that emerging-market fund inflows are driven mainly by passive money. China shows signs of renewed buying by the “national team,” while foreign selling pressure in Taiwan persists; Indonesia’s removal from the MSCI Emerging Markets Index could trigger 5.6 billion dollars in passive outflows.

Goldman Sachs2026-10-24

Goldman Sachs: Foreign selling pressure on Taiwan stocks hits a record as retail investors buy through ETFs and margin loans

Foreign investors net sold 29.5 billion US dollars over 12 consecutive trading days, with retail investors and local funds taking the other side. Leveraged funding is increasing again, but margin maintenance ratios still provide a buffer. Earnings expectations continue to rise alongside slowing production and revenue growth.

Goldman Sachs2026-10-23

Goldman Sachs: Goldman Sachs weekly fund flows: Technology funds lead inflows as global equity subscriptions slow from the previous week

In the week to 21 October, global equity funds recorded net inflows of approximately 56 billion dollars, down from 65 billion dollars the previous week; technology funds remained the leading sector for inflows.

J.P. Morgan2026-10-23

J.P. Morgan: Crypto spot ETPs see 738 million dollars in outflows in a single day, while flows remain positive for the week

JPMorgan estimates that US crypto spot ETPs recorded combined net outflows of 738 million dollars on 22 October, mostly from Bitcoin products. Falling cryptocurrency prices coincided with increased redemptions, but net inflows for the week through that day remained at 216 million dollars; trading volumes in Bitcoin and Ether products were also below their respective daily averages since launch.

Bank of America2026-10-22

Bank of America: Funds rotate back into software and banks in September, while semiconductor holdings continue to be reduced

Global long-only funds reversed their earlier selling of software, banks, and media, while outflows from semiconductors and technology hardware continued; net buying in developed markets was driven mainly by passive funds. “Crowded positive” stocks continued to outperform on a relative basis, although their absolute return in September remained negative.

Citi2026-10-22

Citi: Asian ETFs attract large inflows, while foreign investors are net sellers in Taiwan and South Korea

Citi’s tracking shows that China, Taiwan and South Korea ETFs together attracted 30 billion US dollars in a single week, while foreign investors were net sellers in Taiwan and South Korea over the same period. Fund subscriptions and foreign trading diverged, and global inflows also showed a clear preference for ETFs.