ETF-FOF products gain traction as more Chinese fund houses join

The entry of established managers like Everbright Pramerica and JPMorgan into ETF-FOFs signals that the format is being taken seriously as a distribution and allocation vehicle, not just a niche experiment. The real constraint is not product design but channel economics: without aligned incentives, uneven scale is likely to persist regardless of how many issuers join. Whether coordination among distributors improves is the open question that determines if this remains a crowded field of small funds or matures into a meaningful buy-side category.