The Hong Kong Special Administrative Region’s second-largest exchange traded fund, focused on Chinese tech stocks, saw record inflows in March, highlighting investors’ pursuit of promising growth opportunities.

The CSOP Hang Seng Tech Index ETF, which is also the largest tech-focused fund listed in the city, drew HK$13.6 billion ($1.7 billion) in net buying this month through March 27, Bloomberg-compiled data show. That’s the biggest monthly total since its 2020 debut, even as the fund fell about 9 percent in March, tracking the broader tech sector decline in the city.

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It also ranks among the largest inflows of any ETF in Asia this month. The Yuanta/P-shares Taiwan Top 50 ETF, the largest equity ETF of China's Taiwan, is set to finish the month as the region’s leader, eclipsing its Hong Kong peer with about $4.5 billion of inflows.

While the Taiwanese fund drew much of its demand from local investors, Hong Kong’s CSOP ETF appears to have attracted both offshore investors and buyers in the city.