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BlackRock: US$5B HK ETF Inflows Recorded in Past 3 Mths w/ 'Neutral' Stance on CN Stock Mkt
Clients have adopted a cautious approach to US asset allocation amid the recent market volatility, partly due to uncertainty over trade policy and growing concerns over the US fisc...
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BlackRock: US$5B HK ETF Inflows Recorded in Past 3 Mths w/ 'Neutral' Stance on CN Stock Mkt
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Clients have adopted a cautious approach to US asset allocation amid the recent market volatility, partly due to uncertainty over trade policy and growing concerns over the US fiscal deficit, Elaine Wu, Head of APAC Investment and Portfolio Solutions at BlackRock, said.

US-listed stocks and ETFs saw net sells in June for the first time since May 2023, Wu added. Meanwhile, over the past 3 months (April to June), Asian equity ETFs saw positive capital inflows, with US$19 billion flowing into mainland China's equity ETFs and US$5 billion flowing into Hong Kong equity ETFs.

Related NewsCaixin Manufacturing PMI for Jun in China is 50.4, higher than the previous value of 48.3. The forecast was 49.
BlackRock held a neutral stance on China equities, and remained cautious amidst trade policy uncertainties, with still limited policy stimulus. However, BlackRock believed that targeted support from priority sectors may offer selective opportunities. BlackRock held an Overweight view on US and Japanese stocks.

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