BlackRock’s China ETF Lures Record Cash Amid World-Beating Rally
(Bloomberg) — Investors are piling into the largest U.S. listed exchange-traded fund tracking Chinese stocks, as loosening virus restrictions and an easing regulatory crackdown attract buyers to a market deemed “uninvestable” by some just months ago.
The iShares MSCI China ETF (ticker MCHI) lured $333 million on Wednesday, its largest single-day inflow since the fund’s inception in 2011. The $8.5 billion ETF, which mostly invests in shares of Chinese companies listed in Hong Kong, finished the month up almost 8% Bloomberg data show.
- MOST POPULAR