ETFs & Mutual Funds
BlackRock’s China ETF Sees Massive Inflow on Pro-Growth Rally
- $8.5 billion MCHI ETF sees surge after strong start to 2023
- Chinese stocks in US extend gains in best start on record
An investor looks at screens showing market movement in Beijing.
Photographer: Wang Zhao/AFP/Getty ImagesThis article is for subscribers only.
Investors are flooding into the largest US-listed ETF tracking Chinese stocks as it roars higher on hopes the unwinding of China’s Covid Zero policy will resuscitate demand.
The $8.5 billion iShares MSCI China (ticker MCHI) fund lured a net $134.1 million Wednesday, the largest one-day increase since November. The fund, which mostly invests in shares of Chinese companies listed in Hong Kong — including Alibaba Group Holding Ltd. and JD.com Inc. — has gained 9.3% since the beginning of the year.