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Equity ETFs in Shanghai and Shenzhen saw a combined $4.2 billion withdrawn in the month through Monday, after a tepid earnings season and questions over the efficacy of the rescue measures. Photo: Bloomberg
(Bloomberg) — Investors pulled money from exchange-traded funds (ETFs) in China in May for the first time in 15 months, raising questions over the strength of a recent stock market rebound.
Equity ETFs in Shanghai and Shenzhen saw a combined withdrawal of $4.2 billion in the month through Monday, according to data compiled by Bloomberg. That’s more than what investors had poured into the funds in the prior two months.
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