First Batch of Active ETFs Nears Launch as Fund Companies Prepare
China's first batch of actively managed exchange-traded funds is nearing launch, with fund companies conducting final compliance checks and system tests. The 18 participating fund managers split evenly between discretionary stock selection and quantitative strategies. Line-ups include value-style Wang Junzheng at Huaxia, Morgan's Li Bo, and quantitative specialists at Fullgoal and China Universal. Several firms assign dual managers—an active equity manager plus an ETF specialist—to handle creation and redemption logistics. Active ETFs require more complex systems than passive products, with daily holdings disclosure and benchmark constraints. China's ETF market stands near RMB 5 trillion.
- Effective
- +17
- Intensity
- 60
- Confidence
- 80%
- Horizon
- Short term