China Stimulus Drives Billions Into ETFs on Renewed Optimism
The world-beating rally in Chinese stocks is driving record inflows into exchange-traded funds that buy the nation’s stocks, with investors plowing billions across five leading funds amid optimism from Beijing’s stimulus measures.
Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $5.96 billion in the week ended Oct. 4 — the biggest weekly inflow in over a year, according to data compiled by Bloomberg. Five leading ETFs that invest in Chinese stocks received about $4.9 billion in cash, the most on record.