ETF firms ready more products, mull strategies

Lippo Investments Management last week submitted its first exchange-traded fund for approval in Hong Kong, as other ETF providers prepare products*, with the focus likely to remain on simplicity and Asian underlyings. The Lippo Select HK & Mainland Property ETF will presumably use as its underlying the index Lippo IM launched last month, which tracks Hong Kong and Chinese real estate stocks using a fundamental indexing methodology. The Hong Kong-based firm is also thought to b…