US-based China ETFs see record influx. Is the tide turning?

US-based China ETFs see record influx. Is the tide turning?

FILE PHOTO: A trader works on the trading floor at The New York Stock Exchange (NYSE) in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo

Investors flooded US-based exchange-traded funds (ETFs) that target Chinese markets with $5.2 billion in new assets in the past week when mainland China’s financial markets were shut for a national holiday, and some asset managers are hopeful the optimism will be enduring.