Chinese stock ETFs saw mass outflows this week as investors are unsure of their growth views. In total $327 million was pulled from ETFs invested in Chinese stocks as the CSI 300 Index has fallen 15% so far. The Xtrackers Harvest CSI 300 China (ASHR) and the KraneShares CSI China Internet Fund (KWEB) were hit the hardest seeing withdrawals of $179 million and $174 million.
China Stock ETFs See Mass Outflows
ETF Newz Says:
Investors may be losing faith that China will be able to continue their economic drive.