PEK Already Trading At Substantial Premium

Van Eck Global launched Market Vectors China A-Shares ETF (PEK) yesterday (October 14, 2010).  Today, it is trading at more than a 14% premium to its net asset value.  Is PEK truly an ETF, or is it more like a closed–end fund? PEK claims to be the only US-listed ETF designed to give investors exposure to the China A-Shares market, which has historically been limited to domestic investors in China and Qualified Foreign Institutional Investors.  However, PEK will not be investing directly in those A-Shares.  Instead, it will seek to track the CSI 300 Index by investing in swaps and other types of derivatives.  This approach is also used by other A-Shares ETFs listed in Hong Kong, Japan, Taiwan, and… . . . → Full Story: PEK Already Trading At Substantial Premium