Finance

Global funds invest more in China as coronavirus spreads to the world

0


Market dislocations triggered by the coronavirus crisis have sent more capital into Chinese stocks — and some strategists see this as part of a longer-term trend.

“We’re finding that a lot of foreign managers globally (are) reshuffling their holdings in this turmoil,” Todd Willits, head of flow tracking firm EPFR, said in a phone interview in late April. “Allocations to China are something people are looking to increase.” 

As U.S. stocks plunged to three-year lows in March, allocation to Chinese stocks among more than 800 funds reached nearly a quarter of their nearly $2 trillion in assets under management, according to fund flow data from EPFR. That’s up from about 20% a year ago,…



Source cnbc.com

How to sell your home during the pandemic

Previous article

WHO officials warn of ‘vicious cycle’ of economic and health disasters if restrictions are lifted too quickly

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance