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BlackRock Bond ETFs Fuel Surge In Europe-Based China Funds: FT
BlackRock's head office in New York is seen in this July 2018 photo by Reuters.

(AF) A twenty-five percent rise in assets put into Europe-based China funds this year has been fuelled by exchange-traded bond funds run by BlackRock, the Financial Times reported.

Its iShares China CNY Bond UCITS ETF pulled in €4.5 billion in the year through July and the BlackRock GF China Bond fund attracted €3.6bn, the two biggest-selling funds, the report stated. A total of €37 billion was sunk into China assets from Europe this year, taking assets under management to €156 billion, it added. Full report: Financial Times.

 

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Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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