Global funds dumped another $3 billion in China stocks in Oct – Morgan Stanley

<p>Global funds dumped another $3 billion in China stocks in Oct</p><p><a href="https://piqsuite.com/reuters/global-funds-dumped-another-3-billion-in-china-stocks-in-oct-morgan-stanley" target="_blank" rel="nofollow">Full Story HERE</a></p><p>Global fund managers sold China equities sharply in October despite further steps from authorities aimed at boosting the world's second-largest economy, according to a report from Morgan Stanley that cited data from fund flow tracker EPFR.
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China and Hong Kong equities saw a combined $3.1 billion in net outflow from active long-only funds last month, a third consecutive month of net selling exceeding $3 billion, the report, seen by Reuters, said.
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"The outflows (are) mostly due to regional funds' rebalancing out of China, in which European-domiciled funds led," Morgan Stanley analysts led by Gilbert Wong said.</p>

This article was written by Ryan Paisey at www.forexlive.com.