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
Thu, May 12, 2016 - 5:50 AM
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
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...