Hang Seng JPMorgan US Equity Premium Income Active ETF (03476) News

Just one month later, the first batch of 18 actively managed ETFs has entered the filing stage, marking the arrival of an 'active era' for onshore ETFs.

① The managers included in this submission cover large and mid-sized fund management companies, reflecting the broad representativeness and phased approach of the pilot program; ② The initial batch of products emphasizes conservative strategies, aiming to ensure a smooth launch; ③ Management approaches are diverse, with some firms adopting a dual-track model combining active portfolio managers and ETF operations teams.

cls.cnJul 16 19:27

Express News | Active ETF filings are still awaiting the official green light.

The filing process for active ETFs has drawn significant industry attention—when will fund companies begin submitting their applications? According to inquiries from multiple sources, no fund company has yet submitted registration materials. Active ETF filings are still awaiting the official green light. From a procedural standpoint, before formally submitting application documents, fund companies must first submit product proposals and corresponding application reports to the exchange. It should be noted that these materials do not necessarily indicate that a fund company has already initiated formal regulatory filings, so there is no need to mistakenly interpret them as such.

BreakingsJul 14 18:46

J.P. Morgan Asset Management: Bullish on U.S., Japanese, and emerging market equities; Fed may hold rates steady this year

J.P. Morgan Asset Management expects the Federal Reserve to hold rates steady this year, cut rates once in the second half of next year, and remains positive on U.S., Japanese, and emerging market equities as well as U.S. high-yield bonds. It holds a neutral stance on European equities, citing downside risks to the region’s economic growth.

Zhitong FinanceJul 13 21:20

Express News | J.P. Morgan Asset Management: Favors U.S., Japanese, and emerging market equities, as well as U.S. high-yield bonds, in Q3

In the third quarter, J.P. Morgan Asset Management maintained a risk-on stance in its multi-asset portfolios, favoring U.S., Japanese, and emerging market equities, along with U.S. high-yield bonds. It adopted a neutral position on European equities and took a long position in European bonds, given the downside risks to European economic growth.

BreakingsJul 13 15:36

Multiple mutual fund firms are preparing for actively managed ETFs, with several versions of the initial pilot program list circulating—what do institutions think?

① Multiple public fund managers are actively preparing for actively managed ETFs, with some having already received feedback from the exchange and currently making intensive revisions to their filings; ② Given the relatively high operational costs of actively managed ETFs, some public fund managers have opted to temporarily hold off on entering this space.

cls.cnJun 24 15:40

Express News | Active ETFs must disclose their creation and redemption baskets and publish the IOPV before market open each trading day.

To ensure that the 'active' nature of these funds is visible and transparent, in addition to mandatorily labeling them as 'active,' the latest business guidelines for active ETFs issued by the Shanghai and Shenzhen Stock Exchanges stipulate that fund managers must prepare creation and redemption baskets based on their actual investment portfolios and disclose them prior to market open on each trading day. Fund managers are permitted to calculate and publish the Indicative Optimized Portfolio Value (IOPV)—the indicative net asset value per share of active ETFs—either independently or through a designated third party, provided that the IOPV is calculated based on the disclosed creation and redemption baskets or other methodologies approved by the exchanges. For active ETFs, these measures aim to empower investors to make informed trading decisions based on a clear understanding of the underlying portfolio composition, rather than passively accepting end-of-day net asset values.

BreakingsJun 17 16:57

Guidelines for Actively Managed ETFs Issued Promptly! Focus on These Six Key Points

① The Guidelines set clear requirements for fund managers and portfolio managers, including at least five years of experience managing actively managed public equity funds; ② Investment operations are subject to a 'safety guardrail' framework covering four aspects: diversification, liquidity preservation, turnover constraints, and style consistency; ③ To ensure the 'active' nature of these products is transparent and clearly identifiable, actively managed ETFs must include the word 'Active' in their product names and are required to disclose their Portfolio Composition File (PCF) data on a daily basis.

cls.cnJun 17 16:50

The Shanghai and Shenzhen Stock Exchanges issued guidelines on actively managed ETF operations.

① On June 17, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), announced at the Lujiazui Forum support for launching actively managed ETFs on exchanges, with the Shanghai Stock Exchange and Shenzhen Stock Exchange issuing relevant business guidelines on the same day. ② The guidelines primarily address naming conventions for actively managed ETFs, qualifications for fund managers and portfolio managers, and product investment operations.

cls.cnJun 17 16:22

The Shanghai Stock Exchange issued the 'Guidelines for Actively Managed Exchange-Traded Open-Ended Securities Investment Funds of the Shanghai Stock Exchange'

Actively managed ETFs combine the professional investment research capabilities of active management with the standardized operational advantages of ETFs, offering features such as portfolio transparency and trading convenience.

Zhitong FinanceJun 17 16:09

How Close Are Active ETFs to Launch? Latest Survey

① Expectations are rising for the launch of actively managed ETFs in the domestic market, with leading institutions likely preparing products employing value-oriented, low-turnover strategies. ② Actively managed ETFs overseas continue to expand, and converting traditional active funds into ETFs has become a significant pathway, drawing attention due to their fee advantages. ③ Key aspects such as benchmarking, tracking deviation, and portfolio transparency still require clarification, while premium/discount dynamics and market-making mechanisms remain key challenges for implementation.

cls.cnJun 6 15:04

In the past three years, 525 funds across the market have doubled in value! Several mid-sized asset management firms have emerged as dark horses.

① As of May 31 this year, 525 hybrid funds in the entire market (with classes A and C counted separately) have doubled their returns over the past three years; ② The average three-year return of hybrid funds managed by Caitong Fund reached 125.83%, with Huashang Fund, Cinda Austar Fund, and Morgan Fund also emerging as top performers.

cls.cnJun 5 09:03

Express News | Citigroup upgraded the rating of U.S. equities from Neutral to Overweight and downgraded the rating of emerging market equities to Neutral.

BreakingsApr 14 08:00

The Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) announced the inclusion of actively managed Exchange-Traded Funds (ETFs) as an eligible investment category for Mandatory Provident Fund (MPF) schemes, subject to a cap of 10% of the fund's n

On March 10, the Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) updated its 'Guidelines on Investment in Equities and Other Securities', incorporating the entire asset class of actively managed ETFs into the permissible investment categories for MPF funds. However, investments in such assets must not exceed 10% of the fund's net asset value. The relevant actively managed ETFs must be recognized by the Hong Kong Securities and Futures Commission (SFC) and listed on the Hong Kong Stock Exchange, while also meeting the requirements for permissible asset categories under the MPF framework.

Zhitong FinanceMar 10 19:26

The narrative of 'selling America' has been debunked: Foreign investment in long-term U.S. financial assets is projected to increase to $1.55 trillion by 2025.

Foreign capital flows refute the notion of 'selling out America,' with net purchases of assets reaching $1.6 trillion.

Zhitong FinanceFeb 19 08:17