Institutional Investor (November 7)
2023/ 11/ 08 by jd in Global News
Vanguard’s departure from China, after selling its 49% stake in its joint venture to Ant in October, was such big news because it “illustrates the challenges facing foreign asset managers in China, where the opportunities are plentiful, but so are the obstacles.” Other struggling foreign asset managers may choose to utilize the cover of Vanguard’s departure to reduce their own presence in China.
Tags: Ant, Challenges, China, Departure, Foreign asset managers, Joint venture, Obstacles, Opportunities, Presence, Struggling, Vanguard
