With CETF, who's buy AGF...

So happy that it was listed on Friday ( though China-A share dropped 8% on Friday )
AU market close 1h ahead of Chinese market so prepare for another 3-4% drop this morning when it opens.

Fed up with AGF, high management fee, high trading margin, and discount....

http://www.canberratimes.com.au/bus...ns-door-to-chinaa-shares-20150626-ghyknt.html

Van Eck Global’s exchange-traded fund (ETF) business, Market Vectors, has announced it is in the final stages of the approval process to have three of its United States ETFs admitted to trading status on the ASX. The China A-shares (CETF), Global Gold Miners and Morningstar United States Wide Moat ETFs were expected to commence trading shortly, the group said yesterday. Once only made available to Chinese residents, the CETF was becoming increasingly accessible to foreign investors, though access remained limited, it said. “China is going through a structural transformation and becoming more integrated into global markets,” it said. “Given China's size and anticipated growth, it is expected to return to its historical position as the world's most dominant economy within the next decade. “CETF will provide investors with never before offered access to a portfolio of 300 China A-shares based on the CSI 300 Index, while remaining cost effective.” Meanwhile, the Global Gold Miners ETF was the world’s largest and most traded gold equities ETF, with over $8 billion in assets under management, and typically displayed gold investment characteristics, though it had the benefits of operational leverage and income, it said. “With over 60 years of experience managing gold equities, Van Eck Global has one of the longest and most awarded track records among global asset managers in this sector,” Market Vectors said. The gold ETF would provide ASX investors with never before offered access to global gold equities, as well as a cost-effective and fully transparent and liquid portfolio, it said. The Moat ETF would provide Australian investors with a high-conviction portfolio of the 20 most attractively priced ‘wide moat’ stocks as selected by Morningstar’s equity research team in the US. The ETF was a cost-effective, fully transparent and liquid exposure to a US equities strategy that had demonstrated outperformance with relatively lower volatility compared to the S&P 500, it said. - See more at: http://www.financialobserver.com.au...CID=19079&Page=2&Items=6#sthash.BwTQIRgT.dpuf