BEIJING, May 6 (Xinhua) -- Investors rushed to purchase exchange-traded funds (ETFs) that track a particular set of stocks in April to seek fortune in China's stock market, reported Xinhua-run Shanghai Securities News on May 5.
Their net subscription in stock ETFs, usually deemed as a wind vane for institutional investors' view about the future market trend and optimistic sectors, hit a new historical high at 50.85 billion shares in April, showed data with Choice, a financial data provider in China.
When the stock market fluctuated in April, capital inflows brought by subscription in stock ETFs always accelerated.
Since April 7, stock ETFs have embraced net subscriptions for 16 consecutive trading days by the end of last month and on April 25, the net daily subscription in stock ETFs rose to 10.297 billion shares, exceeding for the first time in nearly five years 10 billion shares.
Among all the stock ETFs, those tracking thematic sector indexes, in particular the medical sector-related stock ETFs, attracted a large amount of capital in April. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
