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May 26, 2024
PI Global Investments
Hedge Funds

Passive Funds Sold Chinese, Hong Kong Stocks in January, Morgan Stanley Says

Global passive funds are putting added strain on the world’s worst performing stock market as they join actively-managed peers in the January selloff of Chinese and Hong Kong equities.

Managers of benchmark-tracking funds have sold $300 million net of shares traded in mainland China and Hong Kong so far this month, according to a Morgan Stanley analysis. That’s a reversal from the last half of 2023 when they were the rare net buyers, recording $700 million of inflows.

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