China Roars, StumblesLauren Young
Chinese ETFs may be on fire in terms of performance, but some investors are getting cold feet. Despite a run up in the Shanghai Stock Index, mutual fund investors pulled money out of China stock funds for the first time in eight weeks ending Oct. 17, according to EPFR Global, an international fundtracker. “After the recent run-up in emerging equity markets, especially in Asia, valuations are starting to look rich again and investors are holding back a bit,” notes EPFR Global Analyst Cameron Brandt. Korea funds, however, took in cash for the 23rd time in the past 24 weeks.
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