JPMorgan Chase & Co. is seeking approval from Chinese securities regulators to
launch actively managed exchange-traded funds in China for the first time, with
expectation of approval this year, said George Gatch, CEO of its asset
management unit. The firm recently became the world’s largest active ETF
provider with about $257 billion in assets and has already launched active ETFs
in Taiwan. In mainland China, only “enhanced index” ETFs with up to 20% tracking
deviations are currently allowed. Gatch noted the market is distinctive, with the
China Securities Regulatory Commission often approving multiple managers
simultaneously.
