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SSGA: Asian wealth continues to chase gold ETFs as DPM penetration rises

Gold ETFs continue to attract inflows in Asia as more HNW clients turn to discretionary portfolio management (DPM) solutions, according to Robin Tsui, vice president and ETF gold specialist at State Street Global Advisors. According to APB Mandate data, DPM assets at private banks in Asia reached 
a record-high US$120 billion in 2016, a 9.3% increase YoY. As such, DPM…

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