China’s share prices have rebounded since mainland China fully opened its borders.Photo: Qilai Shen/Bloomberg News
Global investors are pouring money into funds that track Chinese stocks, betting that the long-awaited reopening of the world’s second-largest economy will keep powering markets higher.
Investors have added more than $2 billion on a net basis this year to U.S.-based mutual and exchange-traded funds that buy Chinese equities, according to data from Refinitiv Lipper. That reflects five consecutive weeks of inflows and marks a reversal from the second half of last year when they pulled almost $1 billion. It also coincides with an exodus from U.S.-focused stock funds.
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