Reuters exclusively reported BlackRock plans to launch its first product in China’s $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff accordingly. The world’s largest money manager, which thrives on the rise of passive investing with 70% of its $10 trillion global portfolio in ETFs and index funds, will be the first wholly owned foreign fund manager to tap the onshore Chinese ETF market.
Business & FinanceDeals
13 April 2022, 3:37 am. 1 minute
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & FinanceFinancial Services
Regions: AsiaNorth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story