US-based investors are dumping Chinese equities: US-listed China ETFs recorded -$3.4 billion in combined outflows across May, June, and July. This includes the China Large-Cap ETF, $FXI, the MSCI China ETF, $MCHI, the CSI 300 China ETF, $ASHR, the China Internet ETF, $KWEB, the China Technology ETF, $CQQQ, and the China Technology and Semiconductor ETF, $KSTR. As a result, the 12-month cumulative outflow fell to -$1.0 billion through July, the largest withdrawal in at least a year. Year-to-date, the China Large-Cap ETF, $FXI, has seen the largest outflow at -$1.6 billion. This is followed by the MSCI China ETF, $MCHI, at -$868 million, and the China Internet ETF, $KWEB, at -$833 million. Investor demand for Chinese equities is weak.

Here are the top performing Vanguard ETFs so far in 2026: 🥇 FTSE Pacific ETF $VPL +26.50% 🟢 🥈 U.S. Momentum Factor ETF $VFMO +25.56% 🟢 🥉 S&P Small-Cap 600 Growth ETF $VIOG +22.90% 🟢 4. Information Technology ETF $VGT +22.46% 🟢 5. Russell 2000 Value ETF $VTWV +21.32% 🟢 6. Energy ETF $VDE +21.32% 🟢 7. Russell 2000 ETF $VTWO +21.08% 🟢 8. Russell 2000 Growth ETF $VTWG +20.68% 🟢 9. S&P Small-Cap 600 ETF $VIOO +20.67% 🟢 10. Emerging Markets ex-China ETF $VEXC +19.77% 🟢 11. S&P Mid-Cap 400 Growth ETF $IVOG +18.88% 🟢 12. S&P Small-Cap 600 Value ETF $VIOV +18.65% 🟢 13. Industrials ETF $VIS +18.30% 🟢 14. Small-Cap Growth ETF $VBK +17.44%🟢 15. U.S. Multifactor ETF $VFMF +17.35% 🟢 16. Mega Cap Value ETF $MGV +15.82% 🟢 17. Small-Cap ETF $VB +15.67% 🟢 18. Russell 1000 Value ETF $VONV +15.48% 🟢 19. S&P Mid-Cap 400 ETF $IVOO +15.34% 🟢 20. Extended Market ETF $VXF +15.01% 🟢 21. ESG International Stock ETF $VSGX +14.58% 🟢 22. Value ETF $VTV +14.56% 🟢 23. Small-Cap Value ETF $VBR +14.22% 🟢 24. FTSE Developed Markets ETF $VEA +13.29% 🟢 25. FTSE All-World ex-US ETF $VEU +12.87% 🟢 26. Total International Stock ETF $VXUS +12.41% 🟢 27. Mid-Cap Value ETF $VOE +12.36% 🟢 28. Real Estate ETF $VNQ +11.78% 🟢 29. S&P Mid-Cap 400 Value ETF $IVOV +11.60% 🟢 30. U.S. Value Factor ETF $VFVA +11.54% 🟢 31. Materials ETF $VAW +11.46% 🟢 32. High Dividend Yield ETF $VYM +11.42% 🟢 33. Mid-Cap ETF $VO +10.85% 🟢 34. International High Dividend Yield ETF $VYMI +10.73% 🟢 35. Total World Stock ETF $VT +10.01% 🟢 36. FTSE Emerging Markets ETF $VWO +9.82% 🟢 37. Consumer Staples ETF $VDC +9.70% 🟢 38. U.S. Quality Factor ETF $VFQY +9.22% 🟢 39. Total Stock Market ETF $VTI +8.81% 🟢 40. Russell 3000 ETF $VTHR +8.68% 🟢 41. S&P 500 Growth ETF $VOOG +8.40% 🟢 42. Mid-Cap Growth ETF $VOT +8.22% 🟢 43. S&P 500 ETF $VOO +8.09% 🟢 44. Russell 1000 ETF $VONE +7.91% 🟢 45. Large-Cap ETF $VV +7.82% 🟢 46. Utilities ETF $VPU +7.79% 🟢 47. FTSE All-World ex-US Small-Cap ETF $VSS +7.69% 🟢 48. ESG U.S. Stock ETF $ESGV +7.69% 🟢 49. S&P 500 Value ETF $VOOV +7.64% 🟢 50. Wellington U.S. Value Active ETF $VUSV +7.35% 🟢