China’s “national team” of major state-backed financial services companies has ploughed Rmb410bn ($57bn) into local equities exchange traded funds so far this year, according to UBS estimates.
Analysts at the bank said they derived the figure by making estimates based on calculations on excess transactions for 54 Chinese ETFs.
The strategists at the Swiss lender estimated that ETFs tracking the CSI 300 Index have accounted for more than 75 per cent of the inflows and that flows into products linked to the CSI 500 index have represented 13 per cent of net sales.
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