But it might be time for CHAU to enjoy its own fame. Goldman Sachs sees upside ahead for A-shares after the recent drubbing. Kinger Lau, a strategist for the Goldman Sachs Group, believes that the large-cap CSI 300 Index, the underlying index of ASHR, could rally 27% over the next 12 months once government measures and easing monetary policies begin to show an affect on the economy, reports Cindy Wang for Bloomberg.
Despite heavy outflows and a number of bubble warnings from international observers, Goldman Sachs remains bullish on China’s outlook, pointing to the potential success of Beijing’s efforts to support the market.
Direxion 2x Daily CSI 300 China A Share ETF