In 2014, the year-on-year increase of inflows into the three largest exchange-traded funds (ETFs) providers grew an additional US$80 billion, however discretionary mandates at private banks in Asia played a role as well, with penetration rates reaching 15%, according to an asset manager. “Private banks are increasingly using ETFs to mitigate underperformance, especially for tail-end risks,” explains Linda Luk, managing…
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