Since the beginning of the year, the Chinese All Caps stock segment increased by more than 30%. Yesterday, this segment posted another impressive average daily return of +3,04% computed from the 15 ETFs included within this segment. Besides the easing of tensions between the U.S. and China, Beijing unveiled plans to cut taxes and increase public expenditures to stimulate its slowing economy. Interestingly, flows since the beginning of the year are mostly negative despite the positive returns. The YTD cumulated flows now reach $ -455M for this segment, which gathers $ 3,4 bn of assets under management.