Some traders are placing bullish bets on several US-listed Chinese exchange-traded funds (ETFs) after a slump in bullish sentiment on Chinese companies.
Investors who began the year with an upbeat view on China, betting on strong economic recovery as the world's second-largest economy emerged from pandemic disruptions, have been largely disappointed amid softening economic indicators.
Shares of the two largest US-listed Chinese ETFs, the iShares MSCI China ETF and the iShares Trust-China Large-Cap ETF, have slipped 16% and 14% respectively from their January highs. However, options on several of these ETFs have drawn bullish flows in recent days.
