China driving growth in Asia ETFs
Assets in Asia exchange-traded funds rose by 4.4% to $118 billion in February, according to a new report. And Deutsche has identified currency-hedged ETFs as one of the key growth drivers of the asset class.
Invested assets in Asia exchange-traded funds are hitting new highs, with much of the recent inflows going into China-focused funds.
The surge in February saw the majority of net new assets being allocated to equity-based funds, while fixed income funds suffered net outflows.
It comes as Deutsche Asset & Wealth Management advises Hong Kong to diversify its ETF sector away from Greater China, in a new report on the state of the Asia market.
London-based research firm ETFGI …
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