Inflows to a group of exchange-traded funds tracking the CSI A500 Index surged to a fresh record on Thursday, with the strong activity leaving traders perplexed.
Investors bought 8.7 billion yuan ($1.2 billion) worth of shares in seven of the largest CSI A500 ETFs, including that from Huatai-Pinebridge Fund Management Co., a day after a record turnoverBloomberg Terminal in the cohort. That compares with an inflow of just 220 million yuan into a group of eight funds known to be preferred by the so-called national team.