The Chinese All Caps Stocks segment experienced a very difficult beginning to the week with a daily performance plunging at -7.76% this Monday. Indeed, Chinese stocks tumbled alongside the Yuan currency following a couple of tweets from President Donald Trump. ChiNext Index is down 8.30%, the most since 2016. Trump’s tweets undermined confidence in reaching a trade agreement and global Chinese equities now see a selling pressure. Despite both parties wanting an agreement, markets are now facing short-term volatility with authorities likely to intervene to support the Chinese market. YTD cumulative flows are now standing at €-273.8M while YTD performance is 24.78%.
15 funds tracking 11 indices are included in the segment for a total of €2.9Bn of assets under management.