Bloomberg: Niche ETFs Are Winning In China

Chinese investors are souring on exchange-traded funds that track broad indexes, but they’re snapping up thematic—or ­sectoral—ETFs, such as those that invest in the nation’s Science and Technology Innovation Board. China’s biggest ETF managers, which together account for 40% of market share—have the advantage so far in an extremely competitive market, says Oliver Wyman Partner Ray Chou. But they soon may face a bigger challenge from giants the U.S. ETF market.

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