UBS Global Asset Management has appointed exchange-traded funds veteran Sammy Yip in a newly created role as it seeks to build out its ETF business.
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Last week, AsianInvestor spoke to the Hong Kong-based firm’s management team about its plans and thoughts on the exchange-traded funds market.
State Street Global Advisors is set to restructure its ETF business after the departure of Yip, who becomes Lippo Investment Management's third consecutive hire from SSgA, as the Indonesian firm bids to revive its former glory.
Meanwhile, the exchange-traded fund giant still has no plans to launch inverse or leveraged ETFs.