Noah’s Lam touts ETFs for building global portfolios

Wealthy Chinese investors seeking to build diversified portfolios should consider using exchange-traded funds (ETFs) rather than ignore them, thinks a top executive at Noah Holdings. Increasingly, the emphasis among Chinese HNWIs is to protect amassed wealth rather than chase continued profits, Kenny Lam, group president at the Chinese wealth and asset manager, said at the Inside ETFs Asia forum last week. “Here, we see ETFs playing a role in client portfolios,” he said at the e…