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CN 'National Team' ETF Outflows Set All-time High
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Eight ETFs related to China's "National Team" funds tracked by Bloomberg, including the HUATAI-PB CSI 300 ETF (510300.SH) and the E FUND CHINEXT ETF (159915.SZ), charted an outflow of approximately RMB101 billion last Friday (16th), marking a new high, Bloomberg reported. Although changes in "National Team" fund investments are only visible through declarations, the market generally views such fund flow changes as evidence of regulators' actions to chill the stock market, report said. AASTOCKS Financial News Website: www.aastocks.com |
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