Funds Data

Funds keep China faith

  • Published 06 Aug 2009

Flows into China equities significantly outpaced those into other BRIC country stocks over the last two weeks, as Chinese real estate companies took the centre stage.

Cumulative China equity flows since the start of the year raced ahead of Brazil in mid-July, reaching $7.63bn (Rmb 52.2bn, €5.3bn, £4.5bn) in the first seven months. In a similar vein, actual weekly flows to China funds have recently picked up having levelled off in mid-July (Chart 3.4). The stream of upcoming IPOs may have quickly recaptured the attention of investors who might have been starting to worry over the quality and direction of such aggressive lending by Chinese banks during the first half, said EPFR senior analyst Cameron Brandt.

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