Seven Active ETFs Launch on Shanghai Stock Exchange

The arrival of active ETFs on the Shanghai Stock Exchange marks a structural shift in China's fund market, where passive products have dominated. It matters most for fund managers, who can now charge for stock selection in an exchange-traded wrapper, and for allocators seeking lower-cost alternatives to mutual funds. The open question is whether these managers can deliver enough alpha to justify active fees, and how quickly the remaining products move from fundraising into actual positioning.