Biggest China ETF Sees Record Monthly Inflow, Confidence is Coming Back

Biggest China ETF Sees Record Inflow on Market Turnaround Bets, Confidence is coming back?

$CSI China Internet ETF(KWEB)$ $CSI China Internet Index Bull 2X Shares(CWEB)$, $KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$ , $iShares MSCI China ETF(MCHI)$

China’s largest exchange-traded fund focused on stocks is poised to see its biggest monthly inflow on record, a sign that some investors are buying the dip and betting on a turnaround amid enhanced policy support.

Huatai-Pinebridge CSI 300 ETF $CSI300 Index ETF(XCHA.UK)$ has attracted 32 billion yuan ($4.4 billion) of funds so far in August, the most since the product was launched in 2012.

Chinese equities have been languishing for most of the month against the backdrop of growing macro headwinds. The $CSI300 Index ETF(XCHA.UK)$ had lost about 8% before the weekend policy boost, which included a cut to stamp duty on stock trades, drove a 2.2% gain through Tuesday. The surge in inflow contrasts to steady selling by foreign investors.

Besides top companies $Pinduoduo Inc.(PDD)$ , $Baidu(BIDU)$ , $BYD Co., Ltd.(BYDDY)$ , $Taiwan Semiconductor Manufacturing(TSM)$.

ETFs like $CSI China Internet ETF(KWEB)$ $CSI China Internet Index Bull 2X Shares(CWEB)$, $KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$ , $iShares MSCI China ETF(MCHI)$ are worthy look into.

Data as of 31 AUG

$FTSE China Bull 3X Shares(YINN)$ $China A50 Index - main 2309(CNmain)$ $NASDAQ Golden Dragon China Index(HXC)$ $FTSE China A50 Index - Aug 2023(CN2308)$