BEIJING, Aug. 7 (Xinhua) -- Exchange-traded funds (ETFs) traded in China market reached 2.47 trillion yuan by the end of June, reported Xinhua Finance citing reports released by Shanghai and Shenzhen bourses on Wednesday.
Among them, non-currency ETFs, which invest mainly in stocks, bonds, commodity futures and other non-currency assets, embraced 461.7 billion yuan of net capital influx in the first half of 2024, accounting for about 80 percent of the annual net inflows in 2023.
Broadly-based ETFs that provide access to a diversified portfolio of stocks, bonds and other asset classes hailed 407.6 billion yuan of net inflows, which was 1.3 times of the whole year data in last year.
Representing a trending development for mutual funds in China, index-based investment embodied mainly by ETFs is giving rise to frequent occurrence of 100 billion yuan-level broadly-based ETFs.
From August 2023 to the end of June this year, there were four ETFs each with 100-plus billion yuan of underlying assets in China.
For outbound investment, cross-border ETFs served as an increasingly favored vehicle for domestic investors to invest in markets in the U.S., Japan, Germany, France, and countries in southeast Asia.
These products, mostly broadly-based ETFs, focused on high-tech and new economy-related assets investment.
In total, there were 126 cross-border ETFs by the end of June this year and their underlying assets mounted up to 311.1 billion yuan, up 11.11 percent from the end of 2023.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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