Amid China’s economic slowdown, there was a record $12 billion of outflows from foreign investors in Chinese stocks. KraneShares CIO Brendan Ahern joins Yahoo Finance Live to discuss investor sentiment regarding China.
"The general trend of foreign ownership is still quite high," Ahern says."If anything else, it shows that maybe foreign investors are very poor market timers because this outflow is occurring just as Chinese equities are enjoying one of their strongest weeks in quite some time.” Ahern lists China's zero-COVID policies, its real estate meltdown, crackdowns on tech companies, and the nation's own diplomatic relationship with the U.S. as causes that"led the asset class almost to be eviscerated."Our goal is to create a safe and engaging place for users to connect over interests and passions.