The improved economic outlook in mainland China has also bolstered demand for Hong-Kong-listed Chinese A-shares ETFs. China ETFs listed on the Hong Kong index have attracted 8.2 billion yuan, or $1.3 billion last month, double the inflows from June, Reuters reports.
“There were some switchings from markets where fund managers had gained positive returns to places that they thought there could be more opportunities, and China was be one of them,” Jackie Choy, an ETF strategist at researcher Morningstar, said in the Reuters article.
Over the past three months, U.S.-listed A-shares ETFs have been recovering. The db X-trackers Harvest CSI 300 China A-Shares Fund (NYSEArca: ASHR) was up 14.0%, Market Vectors ChinaAMC A-Share ETF (NYSEArca: PEK) gained 16.3% and KraneShares Bosera MSCI China ETF (NYSEArca: KBA) increased 16.6%.
iShares MSCI Hong Kong ETF
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Max Chen contributed to this article.