Investors dumped a record $12 billion of Chinese stocks last month as the country's economy wobbled

• Investors dumped a record $12 billion in Chinese stocks last month, according to JPMorgan.
• Meanwhile, a survey of money managers shows that many are flocking to US equities.
• A net 0% of polled money managers think China's economy will improve in the next year.

Investors dumped a record amount of Chinese stock last month, according to JPMorgan data.

Amid the barrage of headlines pointing to the dire state of China's economy, investors sold a record $12 billion worth of Chinese stocks in August, the bank's strategists said in a note on Wednesday.