Of the four available funds that give exposure to China, a couple are exchange traded funds (ETFs) that trade at a premium of 8-16% of their net asset value (NAV). Buying mutual fund units at a premium will eat into their returns when the excitement in Chinese equities dries down and the exchange price and net asset value converge. Of the four available funds that give exposure to China, a couple are exchange traded funds (ETFs) that trade at a premium of 8-16% of their net asset value (NAV). Buying mutual fund units at a premium will eat into their returns when the excitement in Chinese equities dries down and the exchange price and net asset value converge. Economic Times