The firm has been ramping its China business since last year.
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The firm has been ramping its China business since last year.
In partnership with a domestic wealth manager.
Vanguard believes that the new platform will further develop China’s fund advisory market.
JP Morgan Asset Management (JPMAM) plans to take a 10% stake in CMB Wealth Management.
The firm also manages seven PFM funds in China.
Shanghai-based wealth manager Noah Holdings also saw net loss in the fourth quarter of 2020, due to the Camsing settlement.
The US passive fund specialist will concentrate on developing its investment advisory business.
The firm has appointed two China co-heads to lead its retail and institutional businesses in the mainland.
Funds managed by China AMC and E Fund in Hong Kong are also expected to be launched in the mainland via the MRF.
Portfolio manager William Yuen has also trimmed down positions in “new economy” stocks.
Part of the Mark Allen Group.