new chinese index etfs see strong inflows surpassing initial fundraising efforts

Since their launch two weeks ago, a group of 10 exchange-traded funds (ETFs) tracking China's A500 index has attracted significant inflows, totaling around 30 billion yuan ($4.2 billion). This surge in investment reflects a growing interest in the new benchmark, as funds shift away from the CSI 300 index.

The combined assets of these ETFs have more than doubled to 52 billion yuan since their inception. Notably, one ETF managed by Guotai Asset Management has increased in size by over six times, indicating strong demand for these new investment vehicles in the Chinese market.

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