China managers set to ramp up solo overseas ETFs

Increasing numbers of Chinese fund managers are expected to list ETFs overseas without a foreign partner, according to a market player. Foreign managers are also expected to abandon sub-advisor partnerships as they instead look to utilise their RQFII quotas. As low-cost providers look to reduce expenses and avoid having to share revenues, the senior ETF figure sees the shift away from partnerships as a logical move. Chinese managers started to launch exchange-traded funds over…