US ETF tracking China stocks posts record inflows
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New York
THE largest US exchange-traded fund (ETF) that tracks mainland Chinese stocks posted a record eighth week of inflows amid speculation that easing of monetary policies will help extend equity gains in Asia's biggest economy.
Investors added US$34.6 million to the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF last week to complete the longest stretch of asset gains since its November 2013 debut, according to data compiled by Bloomberg. More than US$300 million has been put into the fund since the beginning of last month as it soared 35 per cent.
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