Chinese exchange-traded funds saw a "staggering" growth in the last five years, with inflows consistently notching new highs, according to Morningstar.
"Annual inflows to China ETFs surged almost fivefold over the past three years," Morningstar's analyst Wanda Wang said in a June report.
According to data provided by the American financial services firm, total yearly inflows to Chinese ETFs swelled from 127.2 billion Chinese yuan ($17.49 billion) in 2021, to 387.2 billion yuan in 2022.
In 2023, this figure hit 604.3 billion yuan.
"The growth of the Chinese ETF market over the past few years is explosive," Wang told CNBC.
Persons:
Morningstar, Wanda Wang, Wang
Organizations:
CNBC
Locations:
China