Investors are pouring money in to emerging market funds that steer clear of China in the wake of Beijing’s crackdown on targeted stocks and sectors.
The assets of five prominent EM ex-China exchange traded funds surged 41 per cent to $1.5bn during August, taking their year-to-date growth to 442 per cent, having ended 2020 with just $277m between them.
The jump comes as net inflows in to global emerging markets ETFs — in which China is by far the largest weight — slowed to $696m in July as Beijing’s regulatory crackdown widened, well below the average of $4bn in a month in the first half, according to Morningstar data.
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