On October 23, the first batch of 18 actively managed ETFs in China went on sale collectively. As of October 27, 7 of the 9 products in the Shanghai market had raised 2 billion yuan, raising a total of 16.33 billion yuan. Nearly 100,000 investors participated in the subscription of 9 active ETFs in Shanghai, with institutional investors accounting for more than 20%, reflecting institutional investors' recognition of the long-term investment value of the capital market. Judging from the pace of issuance, the popularity of subscriptions for the first batch of active ETFs continues to heat up. On the first day of sale on October 23, active ETFs owned by Shanghai Morgan Fund and E-Fangda Fund announced one-day funding and early settlement; on October 26, on the second trading day, active ETFs under the three managers of Huatai Berry Fund, Ping An Fund, and Huaxia Fund hit a limit of 2 billion yuan and announced settlement; on October 27, products owned by the two managers of Huatianfu Fund and China Merchants Fund also announced early settlement. The reporter learned that the two fund managers that settled the funds on the first day will start opening positions on October 29. According to estimates, the first batch of active ETFs in China is expected to bring more than 35 billion yuan in incremental capital to the market. According to the Morgan Fund, China's macroeconomic economy has strong resilience, and the advantages of a complete industry chain combined with continuous scientific and technological innovation continue to nurture new opportunities. Currently, China's asset valuation has a high allocation cost ratio around the world. In the future, as corporate profits recover, long-term investment value will become more prominent.

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