THE scale of China-focused exchange traded funds (ETFs) listed overseas has jumped significantly since October, which observers said reflected growing optimism among foreign investors on Chinese assets as their confidence in the outlook for the world's second-largest economy has been further boosted by a package of supportive measures to stabilize...
THE scale of China-focused exchange traded funds listed overseas has jumped significantly since October , which observers said reflected growing optimism among foreign investors on Chinese assets as their confidence in the outlook for the world's second-largest economy has been further boosted by a package of supportive measures to stabilize the growth momentum. The combined scale of the five large Chinese stock ETFs listed in the US is now $29.
'The Federal Reserve's interest rate cut cycle could also drive the appreciation of the yuan, which in turn may attract more foreign capital into Chinese assets,' Yang added. As markets expected, the Federal Reserve cut interest rates by one-quarter of a percentage point on Thursday, adding to a previous half-point rate cut in September.The Chinese A-share market closed higher on Monday, with the benchmark Shanghai Composite Index rallying by 0.
Etfs Listed Overseas See Significant Inflows In October
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