After the enactment of enhanced QDII in China which enabled PRC retail investors to buy H shares via domestic mutual funds, many China fund managers thought they spotted a sure bet. The 25% or more discount between H shares and A shares would narrow or close. Ah well, not yet! The new provisions came into effect June 30. Since then the CSI 300 (A shares) has outperformed the HK China Enterprise Index (H shares) by almost 30%!
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