Investors pulled $2.9bn from funds that invest in China’s stock market in the month ending last Wednesday, as concerns over economic growth and tariffs weighed on Chinese shares.
The outflows from mutual funds and exchange traded funds that invest in China’s A-shares market were the sharpest since the start of 2017. Investors have now pulled $5.9bn from the funds since the start of the year, according to EPFR Global data.
The spectre of fresh tariffs on Chinese goods, underwhelming economic data and a weaker renminbi have pressured Chinese stocks and compounded concerns about a global slowdown, triggering a rush to safe assets like US government bonds.
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