Caixin
Mar 31, 2022 07:03 PM
FINANCE

Hong Kong ETFs Lure Record $4.4 Billion on Stock Rebound Bet

Victoria harbour and skyscrapers on the skyline of Hong Kong Island illuminated at dusk from Victoria Peak in Hong Kong. Photo: Bloomberg
Victoria harbour and skyscrapers on the skyline of Hong Kong Island illuminated at dusk from Victoria Peak in Hong Kong. Photo: Bloomberg

(Bloomberg) — Stocks in Hong Kong attracted record inflows via exchange-traded funds in March, as retail investors took advantage of a historic dip and an ensuing rebound to bet on further gains.

Some 60 equity ETFs tracking the city’s indexes added $4.4 billion since end-February, the most in monthly data compiled by Bloomberg going back to 2000. The Tracker Fund, the city’s first and largest ETF mirroring the benchmark Hang Seng Index, lured $1.5 billion, more than three times the net inflow for the previous month.

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