Investors in the US and Europe put a record $5.8 billion into Chinese equity exchange-traded funds (ETFs) in June after Covid-19 lockdowns ended in Shanghai and other cities and regulators said they would ease their crackdown on the tech sector, a report by the Financial Times said.
Exchange traded funds listed in the US invested $4 billion in the Chinese market, while ETFs in Europe, the Middle East and Africa added $1.8 billion, it said, citing data from BlackRock. The total was well over the previous record inflow of $4.3 billion in January and occurred while EMEA investors withdrew substantial sums from US and European equity funds, it said.
Read the full report: Financial Times
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