Thursday, October 14, 2010
iShares A50 purchased
Yesterday I added the iShares A50 tracker ETF (2823) to the private portfolio, paying HK$13.56 per unit. With China's stock markets having lagged the current (near) world wide rally, several A shares now selling at discounts to their H share counterparts and increasing confidence in both China's domestic economy and the ability of the developed world to avoid a double dip, it appears to be a reasonable investment. It is also an indirect play on the RMB.