TREE NEWS update: Fullgoal Fund said in an Oct. 22 announcement that it will use 200 million yuan of its own capital to subscribe to its Value Select active ETF, citing confidence in the long-term healthy and stable development of China’s capital market. The subscription is made with the asset manager’s proprietary funds.
Fullgoal Fund to Subscribe 200 Million Yuan of Its Own Active ETF
Fund houses putting their own capital into their own products is a recognizable signal in China's asset-management market, and the choice of an active ETF rather than a passive vehicle is the detail that carries weight: it implicitly argues that active management can still earn its fee in an ETF wrapper. The move lands against a backdrop of official messaging about the long-term health of the domestic market, so it reads partly as a confidence gesture aimed at distribution channels and retail holders as much as at returns. Whether other managers follow with proprietary subscriptions to active ETFs is the open question worth watching.
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