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CHINA PRESS: Stock ETFs Exceed CNY3 Trillion For The First Time

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The total size of stock ETFs has exceeded CNY3 trillion to set a new high, as various funds seek to enter the stock market through the funds amid improved investor confidence, 21st Century Business Herald reported. The net asset value of stock ETFs rose by about CNY1 trillion in the past six trading days as of Oct 8 when the Shanghai Composite Index and Shenzhen Component Index surged by 18.55% and 30.61%, the newspaper said. The substantial expansion was mainly attributed to increasing holdings by "national team" funds such as Central Huijin and individual investors’ shifting to portfolio investment.

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The total size of stock ETFs has exceeded CNY3 trillion to set a new high, as various funds seek to enter the stock market through the funds amid improved investor confidence, 21st Century Business Herald reported. The net asset value of stock ETFs rose by about CNY1 trillion in the past six trading days as of Oct 8 when the Shanghai Composite Index and Shenzhen Component Index surged by 18.55% and 30.61%, the newspaper said. The substantial expansion was mainly attributed to increasing holdings by "national team" funds such as Central Huijin and individual investors’ shifting to portfolio investment.