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New Record Set for ETF Flows Following the Performance of China's "National Team"

Financial Times LogoFinancial Times1w ago

 New Record Set for ETF Flows Following the Performance of China's "National Team" - Financial Times

Quick Summary:

Overall, net inflows to global ETFs hit $107.5bn in January, according to BlackRock, below December’s blowout $170bn but still a solid start to the year.

EPFR, a data-tracking company, reported on Friday that flows to EM equity funds hit a record weekly high in dollars at the start of February — also hitting the highest level as a percentage of assets under management since the global financial crisis of 2008 — in a move that had “obvious Chinese characteristics”.

The wall of buying has Beijing’s fingerprints all over it as Central Huijin, an investment arm of China’s sovereign wealth fund, joined a raft of state-owned insurance companies and asset managers in buying ETFs in an effort to prop up the country’s ailing stock market after the benchmark CSI 300 index tumbled 45 per cent from its 2021 peak.


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Article Details

Author / Journalist: Steve Johnson

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-13 @ 05:00:24 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1059 words

Reading Time: 6 minutes read

Sentences: 25 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20053909

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #3

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