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Vanguard: Asia’s ultra-wealthy growing more interested in ETFs

Vanguard says it has seen rising demand for ETFs amongst ultra-wealthy clients in Asia, who are particularly cost wary. “Banks on the advisory side are still running the traditional model of trailer fees, and ETFs are not the products that they would present in front of clients,” Linda Luk, managing director of Vanguard’s retail and intermediary business in Asia, told…

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