Revived appetite for emerging market stocks and bonds is starting to include China—and even its embattled currency.

China Asset Management Co. has seen more inflows into equity funds that invest offshore yuan into mainland equities since Britain’s June 23 vote to leave the European Union. CSOP Asset Management Ltd. had its strongest inflows in 14 months in June to an exchange-traded fund (ETF) that pumps yuan held abroad into China’s sovereign bonds. A net US$604 million has flowed into China via the Renminbi Qualified Foreign Institutional Investors program in the first seven months, versus an outflow of $4.1 billion last year, Z-Ben Advisors estimates. Inflows into stocks have dominated this year at about $880 million.

 

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