ETF risks highlighted amid sharp market falls in 2022

Investors in local Asian stock markets, particularly in Greater China, have been stung by some fairly hefty negative returns this year - for those using exchange traded funds (ETFs) it has been a lesson in how tracking an index can work against you. An investment in a popular Hang Seng Index ETF, for example, would be down approximately 40% over the past 12 months and falls of regional indices have been precipitous. Last week, following the close of the National Congress of the Ch…