JPMAM plans more active ETFs in China after debut fund hits US$300 million cap on day one

JPMorgan Asset Management expects to launch more actively managed exchange-traded funds (ETFs) in mainland China after its first such fund there hit the 2 billion yuan (US$300 million) fundraising cap on the first day of sales, its China chief said. “The first launch is just an opening move in a much bigger game,” Desiree Wang, the firm’s chief executive for China, said in an interview with the South China Morning Post on Tuesday. Any active strategy that suits the ETF vehicle and meets investor...