Investors are reacting to China's recent stimulus announcement, which has been criticized for lacking sufficient details, creating uncertainty in the market. Despite this, there was a notable surge in inflows into exchange-traded funds (ETFs) that focus on Chinese stocks, driven by optimism regarding potential additional fiscal stimulus. Concurrently, ETFs and mutual funds tracking the S&P 500 Index are on track to set a new annual record for inflows as investors increasingly seek exposure to affordable market beta.