“Capital outflows and demand for cash before Lunar New Year may weigh on the stock market in spite of the recent massive fund injection from the PBOC,” Huang Cendong, an analyst at Sinolink Securities Co., told Bloomberg.
ASHR has seen relatively no asset flows so far this year, but over the past year, the China A-shares ETF experienced $655.1 million in outflows, according to ETF.com. ETF investors may also be growing cautious of the sell-off in Chinese markets, with CHAD showing $49.0 million in outflows year-to-date, despite returning 16.9%.
Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
Source: Yahoo! Finance
Max Chen contributed to this article.