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A $7.2 Billion China ETF Just Added the Most Cash Since 2011

  • MSCI China fund jumps after report said probe in Didi ending
  • Optimism also fueled by easing of pandemic lockdowns
Updated on

A US-listed exchange-traded fund that tracks Chinese stocks drew in cash at a record pace after the easing of the nation’s Covid restrictions and signs Beijing is ending its year-long regulatory crackdown on tech companies.

Investors poured almost $270 million into the $7.2 billion iShares MSCI China ETF (MCHI) Tuesday, the biggest daily inflow since the fund’s inception in 2011. The ETF, which tracks the MSCI China Index, has rallied about 7% this week, following a report that Chinese regulators are preparing to wrap up a probe into Didi Global Inc.