News: China sees rise in global fund investments as the other countries struggle with COVID-19
As the world struggles to fight the deadly coronavirus, global funds investments in Chinese stocks of more than 800 funds reached nearly $2 trillion in assets under management. This is according to fun flow data by the EPFR.
According to an interview conducted over the phone, the head of EPFR said, "We’re finding that a lot of foreign managers globally (are) reshuffling their holdings in this turmoil. Allocations to China are something people are looking to increase.” The U.S. stock market has reportedly plunged three-year lows in the month of March this year.