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Hong Kong ETF shows global traders dislike city's stocks

They pulled a net US$142m from iShares MSCI HK ETF in May which are poised for an 11th month of net outflows

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In recent years, buying and holding Hong Kong shares has been a poor investment compared with major peers. Investors are turning to other country ETFs, with developing-nation funds in particular, luring capital

Hong Kong

WHETHER Hong Kong stocks rally or slump, investors in the biggest US exchange-traded fund tracking the equities just want out.

Traders have pulled a net US$142 million from the iShares MSCI Hong Kong ETF in May, which are poised for an 11th straight month of net outflows