Economics
China Optimism Prompts Record Inflows Into Hong Kong Stock ETFs
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An unprecedented amount of money is flowing into the largest exchange-traded funds that track Chinese companies listed in Hong Kong as investors bet the biggest rally in more than three years will continue.
The Hang Seng H-Share Index Fund lured HK$20.5 billion ($2.6 billion) in April, the largest monthly inflow since at least 2010 and the third-most among equity ETFs globally, according to data compiled by Bloomberg. About HK$29 billion has been added to the fund during the past four months in the longest stretch since 2013 as assets grew to HK$57.1 billion.