RQFII ETFs suffer first month of net outflows
The initial batch of four products listed in Hong Kong, which attracted $6.4 billion in inflows last year, suffered a combined exodus in February, raising questions for future launches.
The first batch of ETFs listed in Hong Kong under the renminbi-denominated QFII programme has suffered its first month of collective net outflows since inception.
The universe consists of four physically backed A-share ETFs listed between July and October last year, of which three saw redemptions totaling $130 million in February.
It represents a landmark setback for the segment, with the quartet having attracted net inflows of $6.4 billion within the last half of 2012, finds re…
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