WESTERN investors pumped in a record amount into Chinese equity exchange traded funds (ETF) in June as the mainland stock market surged ahead of its rivals worldwide, reports London's Financial Times.
The flood of cash into the Shanghai and Shenzhen stock exchanges came as the country's draconian Covid lockdowns were eased and regulators telegraphed a less severe approach to policing China's tech sector almost a year after initiating a crackdown.
Both US and European investors poured record sums into the Chinese market, with US-listed ETFs taking in a net US$4 billion and those domiciled in the Europe, Middle East and Africa region sucking in $1.8 billion, according to data from BlackRock.
The combined total of $5.8 billion comfortably exceeds the previous record of $4.3 billion set in January. The European buying spree occurred even as EMEA investors pulled money from both US equity ($900 million) and European equity ($800 million) ETFs.
An exchange-traded fund (ETF) is a basket of securities that tracks an underlying index. ETFs can contain investments such as stocks and bonds.
SeaNews Turkey
The flood of cash into the Shanghai and Shenzhen stock exchanges came as the country's draconian Covid lockdowns were eased and regulators telegraphed a less severe approach to policing China's tech sector almost a year after initiating a crackdown.
Both US and European investors poured record sums into the Chinese market, with US-listed ETFs taking in a net US$4 billion and those domiciled in the Europe, Middle East and Africa region sucking in $1.8 billion, according to data from BlackRock.
The combined total of $5.8 billion comfortably exceeds the previous record of $4.3 billion set in January. The European buying spree occurred even as EMEA investors pulled money from both US equity ($900 million) and European equity ($800 million) ETFs.
An exchange-traded fund (ETF) is a basket of securities that tracks an underlying index. ETFs can contain investments such as stocks and bonds.
SeaNews Turkey
