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Zach Churchill’s criticisms of Tim Houston’s policies | SaltWire
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(Corrects paragraph 5 figure to 360 bln yuan, not 36 bln)
By Jason Xue and Tom Westbrook
(Reuters) – Chinese stock investors are ploughing money into exchange-traded funds (ETFs) this year at the fastest pace on record as they choose to play a languid stock market passively and wait for it to trough.
The trend has also caught on as active fund managers in China struggle to make money and as Beijing uses ETFs to support stock markets and channel funding into strategic sectors such as technology and green energy.
ETFs, which are funds that typically track an index, have garnered more than 400…
