As the ETF market starts to attract investors in China, passive products could face a fee-driven shakeout, according to a local report.

As the ETF market starts to attract investors in China, passive products could face a fee-driven shakeout, according to a local report.
China’s nascent ETF market is about 10 years behind the US in development, but on pace to catch up fast, according to JP Morgan Asset Management.
A senior China appointment signals that the firm may be coming off the sidelines to follow competitors, who have already launched multiple funds onshore.
Chinese regulators have been convincing domestic players to launch more index funds and ETFs, with the aim of institutionalising the stock market.
The firm has created a new China role as it prepares to transition its private fund management (PFM) business to a public asset management firm.
Hong Kong-domiciled products sold in the mainland (northbound funds) continue to gather assets.
The wealth management business at Credit Suisse, like at rival banks, has been the bright spot on the balance sheet.
Mainland investors put higher-than-expected emphasis on including ESG in fund offerings, according to an investor survey.
However, pressure is increasing on Asia fund managers to embrace ESG investing, according to a Willis Towers Watson report.
The regulator has approved five asset managers for onshore investment advisory services, continuing the shift from product sales-orientation to service-orientation.
Part of the Mark Allen Group.