Will funds of ETFs take off in Asia?

Funds of exchange-traded funds are likely ultimately to gain traction in Asia, but a wider range of more focused products is still needed, said market participants on a recent panel hosted by AsianInvestor. “Eventually there might be a time for active managers to talk about asset allocation products. Investors might want to buy funds of ETFs – if there is an attractive enough proposition, that might attract demand,” says Steve Chiu, chairman of the Institute of Financial Planners …