China’s onshore ETF market AUM is approaching CNY5 tln, and improving
fund-manager capabilities and investor sophistication create favorable
conditions for launching active ETFs. Globally, ETFs total USD19.9 tln as of
end‑March; passive ETFs USD17.8 tln (89.4%), active ETFs USD2.1 tln (10.6%).
Active ETFs have posted a 10‑year CAGR of 44% versus 19% for total ETFs.
Institutional adoption is rising as more professional managers include active
ETFs in asset allocations.
