From the start of the third quarter through Sept. 8, the iShares MSCI Hong Kong ETF (NYSEArca: EWH), the largest Hong Kong ETF trading in the U.S., added $1.22 billion in new assets. Only five ETFs have gained more cash this quarter.

The First Trust Hong Kong AlphaDEX Fund (NYSEArca: FHK) has added $3.92 million this quarter, which may not sound like much until considering the fund has $8.1 million in assets under management.

A significant chunk of FKH’s 54.5% weight to the financial services sector goes to property developers, a group that has been controversial in Hong Kong and China. Still, those stocks, several of which are found among FKH’s top-10 holdings, are soaring because local governments have loosened home-buying requirements in a bid to prop up sales. [Hong Kong ETFs on the Move to the Upside]

EWH and FHK are up 8.2% and 5.7%, respectively, year-to-date.

iShares MSCI Hong Kong ETF

ETF Trends editorial team contributed to this post.