On April 13 BlackRock Offered Its "...International Institutional and Retail Clients Direct Access to China’s A Share Equity Market" (CNYA)

Let's see how they've done!

Here's the press release:

BlackRock launches its first China A share ETF for international investors London, 13 April 2015

The link goes to part 57 of FT Alphaville's 75-part "This is Nuts..." series.

The ISHARES IV PLC ISHARES MSCI CHINA A UCITS ETF, as the London Stock Exchange lovingly refers to BlackRock's baby, had closed that long ago Monday at 5.2950 when I posted on the new playmate.

Eight weeks later, on Sunday June 7 we posted "Shanghai Pushes To A New Post-2008 High While Hong Kong Languishes".

As we noted in April 13's "Please, For The Love Of God and All You Hold Dear, Give BlackRock Some Liquidity! (CNYA)" because of changed Wall Street marketing dynamics it is still too early to use the roll-out of the BlackRock "A" share ETF as a 'tell' to short the Chinese markets for more than a day but it sure was a sign to pay attention.
Thanks Izzy.

That followed the Friday, June 5 close of 6.3238 and was five days before the wee beastie achieved its highest-ever close at 6.5075 (there was an earlier intra-day 6.92 on May 27).

Today it closed at 4.04, down 5.5% on the day, down 23.7% from day one and down 38% from the June 12 close.

As the retail guys say: "And Mr. Bigg, if you annualize that!!!"


If the chart above doesn't show, here's the LSE's proud display.
60 days from rollout to top-tick.

Here's the iShares site on CNYA.
They don't have a chart but they do have a sense of humor, putting in black type a Net Asset Value.