You are here

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

BT_20160512_DNETF12_2275177.jpg
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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes