China ETFs Post Divergent Flows on Growth and Yuan Fears: ChartBy
Traders this month have pulled $275 million out of the iShares China Large-Cap ETF of the biggest 50 Hong Kong-traded Chinese companies, accelerating a 10-month long downward trend with the biggest exodus since July. Net investments in Deutsche X-trackers Harvest CSI 300 China A-Shares ETF have increased this year. The iShares fund, the larger of the two, caters more to big institutional investors, suggesting they’re more skeptical about China’s economy and the yuan, said Drew Forman, co-head of trading at the New York-based brokerage Macro Risk Advisors LLC.
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