Hong Kong's CSOP Hang Seng Tech Index ETF attracted a record HK$13.6 billion ($1.7 billion) in March inflows, defying a 9% price drop as investors pursued growth opportunities despite market jitters. The fund, which tracks Chinese tech giants including Alibaba and Meituan, saw its largest monthly net buying since its 2020 launch, according to Bloomberg-compiled data.

This surge in demand came even as broader tech stocks declined in Hong Kong, highlighting investors' appetite for long-term growth potential. The ETF's performance contrasts sharply with Taiwan's Yuanta/P-shares Taiwan Top 50 ETF, which leads Asia with approximately $4.5 billion in inflows this month, driven primarily by local investors.

The CSOP ETF appears to have drawn both offshore and Hong Kong-based buyers, while mainland Chinese investors showed caution. Holdings by southbound mainland investors fell to 67% by March 27, down from 70% at February's end, according to East Money Information Co. data. This shift suggests changing sentiment among mainland investors even as international interest remains robust.