Bloomberg New Economy: Fund Managers Are Rushing Into China
Shanghai, where Vanguard plans to relocate its regional headquarters.
Photographer: Qilai Shen/BloombergDon’t tell Donald Trump: America’s largest fund managers are leading a new gold rush into China.
Even as the U.S. president calls for American companies to pull out of the country, the likes of BlackRock and Vanguard are piling in—though with as little fanfare as possible so as not to incur the wrath of America’s tweeter-in-chief. The prize these financial giants can’t resist? A trillion-dollar asset management market that’s opening up to foreign players.