Funds tracking the topsy-turvy Chinese stock market just recorded their biggest-ever weekly inflows, according to Bank of America Corp. strategists.
A record $19.8 billion poured into funds focused on Chinese stocks in the week through Feb. 7, a splurge likely driven by state-backed investors, a BofA team led by Michael Hartnett wrote in a note Friday. That accounted for almost all of the $20.8 billion — an all-time-high — that flooded into emerging-market equities, the strategists said, citing EPFR Global data.