May 27, 2021
Chinese equities and country-related exchange traded funds have broken out this week, as foreign investors jumped back into the country.
The
KraneShares Bosera MSCI China A Share ETF (KBA), which tracks the the MSCI China A Share Index, increased 4.2% over the past week and has risen 5.6% year-to-date.
Chinese stocks enjoyed their biggest single-day rally since July and rose to their highest level since early March this week after overseas investors purchased some $7.1 worth of A shares through the Hong Kong link since Tuesday, the highest three-day inflow since the trading link’s launch in 2014, the Wall Street Journal reports.