ETFs tracking Chinese stocks indices experienced a market correction on Friday with a slip of -5,90% despite +$17,21M of new shares created via the primary market. This came after degrading US-China tensions. Indeed, the United States ordered the closure of the Chinese consulate in Houston while China responded this was an unprecedented escalation by the American government. Beijing has taken over the US consulate in Chengdu this morning in retaliation. Over the last 30 days ETFs progressed +10,42% and investors increased their exposure to the segment with +$183,74M of cumulative flows over the same period. Year to date, Chinese ETFs have progressed significantly with a cumulative performance standing at +38,68%. 18 fund tracking 15 indices are included in the segment for a total of $3,5Bn of assets under management.
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