Hong Kong’s second-largest exchange traded fund, focused on Chinese tech stocks, saw record inflows in March, highlighting investors’ pursuit of promising growth opportunities while weighing Iran war jitters.
The CSOP Hang Seng Tech Index ETF, which is also the largest tech-focused fund listed in the city, drew HK$13.6 billion ($1.7 billion) in net buying this month through March 27, Bloomberg-compiled data show. That’s the biggest monthly total since its 2020 debut, even as the fund fell about 9% in March, tracking the broader tech sector decline in the city.