Take China's QDII ETFs with a pinch of salt

If Shanghai Stock Exchange's general manager, Zhang Yujun, is to be believed, China's new generation of exchange-traded funds under the qualified domestic institutional investor (QDII) scheme will be ready for launch shortly. The Shanghai bourse is keen to put its hotly anticipated products onto the market as soon as possible. It has marked 2010 down as a year of innovation, with the number of domestic and overseas ETF launches potentially hitting 10 for this year. But it's not the …