Active ETFs are preparing for the final sprint, leading with dividends, while quantitative strategies are also being deployed.

Multiple top fund companies have confirmed that the earliest reporting is expected to be at the end of June or early July. The system testing and reporting materials for the first batch of actively managed ETFs are ready, and the exchange's application channel for the first batch of active ETFs has officially closed. As for the question of "who will manage," many fund companies have chosen a single fund manager to take the lead, relying on the investment research team or fund manager assistants to handle daily operations such as PCF lists. A group of long-term successful active fund managers and index fund managers are preferred. In terms of fund style, there are layouts for dividend and quantitative products, and value-oriented strategies with low turnover are favored due to their compatibility with the transparent operation mechanism of active ETFs. Fund companies generally choose a pragmatic approach to avoid high turnover and crowded tracks. Therefore, the first batch of active ETFs are unlikely to exhibit a "Value Aunty" style.