China rally sends record inflow to H-share ETFs
Hang Seng H-Share Index Fund lured HK$20.5 billion in April
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New York
AN unprecedented amount of money is flowing into the largest exchange-traded funds that track Chinese companies listed in Hong Kong as investors bet the biggest rally in more than three years will continue.
The Hang Seng H-Share Index Fund lured HK$20.5 billion (S$3.5 billion) in April, the largest monthly inflow since at least 2010 and the third-most among equity ETFs globally, according to data compiled by Bloomberg. About HK$29 billion has been added to the fund during the past four months in the longest stretch since 2013 as assets grew to HK$57.1 billion.
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