Tepid economic data has some market observers betting on more interest rate cuts from the People’s Bank of China. The PBOC has lowered rates twice in the past four months, joining more than 20 global central banks in paring borrowing costs.

Still, investors’ appetite for A-shares ETFs remains robust. ASHR has added $58.4 million in new assets this year compared to outflows of $195 million from FXI. ASHR has over $1 billion in assets, making it the third-largest U.S.-listed China ETF.

Last week, the CSOP FTSE China A50 ETF (NYSEArca: AFTY) debuted and the listing recorded the largest initial capital investment of more than $237 million in assets and 13.96 million shares, the largest initial investment among all U.S.-listed equity ETFs since 2007, according to CSOP. [Another A-Shares ETF Debuts]

AFTY is up 3.7% today helping it join ASHR among the day’s best-performing ETFs.

Deutsche X-trackers Harvest CSI 300 China A-Shares ETF