By using ETFs to go on a buying spree, "bullish on China" becomes a global hot trade
In the current strong rebound of Chinese assets, ETFs are undoubtedly the big winners, with both domestic and overseas Chinese stock ETFs attracting significant inflows of funds and rapidly expanding in size. Among them, the latest size of iShares China Large-Cap ETF has exceeded $10 billion. According to a recent survey report by Bank of America, "bullish on China" has become a hot trade in the global market. At this point in time, several foreign institutions have raised their expectations for China's economic growth and indicated that from both valuation and policy perspectives, Chinese assets are expected to continue attracting inflows of overseas funds. (Securities Times)