(AF) Xi Jinping’s crackdown on parts of the economy has sent ripples of concern through the international investment network, which has been funnelling money away from Chinese stocks and into other emerging-market (EM) funds, the Financial Times reported.
Five Non-China EM exchange-traded funds saw their assets under management surge 41% in August, extending gains this year to 442%, the report stated. Flows into China-dominated funds, however, slowed to well below the monthly average, it added. Full report: Financial Times
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The post Investors Fearful of Xi Crackdown Divert Capital From China Funds: FT appeared first on Asia Financial.
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