Global fund managers betting big on A-shares
By Oswald Chan in Hong Kong | China Daily | Updated: 2017-07-25 07:42
International asset managers said they were dynamically rebalancing their portfolios to invest in Chinese mainland's A-shares after the recent MSCI inclusion, with investment capital expected to pour into the world's second biggest equity market by capitalization - currently valued at $7 trillion to $8 trillion.
Hong Kong-listed exchange traded fund CSOP FTSE China A50 ETF, tracking the performance of the FTSE China A50 Index, recorded a massive increase in average daily turnover after the A-share inclusion in the MSCI indices on June 20.
As of July 19, the average daily turnover of the ETF in July had soared 75 percent to HK$571.6 million ($73.2 million), compared with average turnover of HK$326.4 million in May.
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