BEIJING, July 8 (Xinhua) -- Despite the A-share market fluctuations, more than 15 billion yuan of funds flew into exchange-traded fund (ETF) products listed on A-share market last week, reported Xinhua Finance on Monday.
On July 4 and July 5 when the A-share market continued to fluctuate, big buyers rushed into the A-share ETF market to hunt bargains and among all the A-share ETFs, they favored those tracking broadly-based indexes.
Last week, ETFs tracking the CSI 300 Index, which consists of the 300 largest and most liquid A-share stocks and seeks to reflect the overall performance of China A-share market, drew 13.556 billion yuan of net fund inflows in total.
Other A-share ETFs tracking the ChiNext Index, which tracks China's Nasdaq-style board of growth enterprises, and the STAR Market-related indexes absorbed 2.866 billion yuan of net capital influx last week.
Analysts attributed the hefty fund inflows into broadly-based ETFs to investors' preference over products tracking large-cap and blue-chip stocks as these products boasted higher risk resilience when new capital inflows being relatively limited might be a problem lingering on the A-share market in the whole year.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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