Sharp A-share ETF discounts seen in China market rout

Offshore A-share ETFs have struggled to keep up with volatile indices amid the large recent falls in China equities and subsequent trading restrictions and government interventions, new research has revealed. The volatility which saw China’s CSI 300 index plunge by at least 30% over the course of a month between June 12-July 8 (after a meteoritic year return of 147% at its June peak) meant that exchange-traded funds saw sharp discounts in relationship to their net asset value (NAV…