Huge inflows to a BlackRock China bond exchange traded fund have helped sustain a 25 per cent rise in Europe-domiciled China fund assets under management in the first seven months of the year.
The investment manager’s iShares China CNY Bond UCITS ETF was the best-selling China fund over the period, attracting net flows of €4.5bn. The second most successful fund was the BlackRock GF China Bond fund, which garnered €3.6bn.
Between January and July, China equity and bond funds had combined inflows of nearly €37bn, helping to take assets under management to €155.9bn, according to Morningstar.
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