Investors seen misjudging potential A-share impact

Many investors are underestimating the impact of the expected inclusion of China A-shares in global emerging-market benchmarks and may be caught off guard when it happens, say industry observers. This is despite the move by US fund giant Vanguard to steadily incorporate mainland stocks into its EM exposure. For one thing, the recent equity market turmoil in China has led some to change their expectations on the timing of any potential index changes, said Wang Qi, a partner at Shan…