Twitter LinkedIn
    Saturday, March 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Funds»BlackRock tests Chinese retail appetite with mutual fund launch
    Funds

    BlackRock tests Chinese retail appetite with mutual fund launch

    September 3, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    BlackRock, the world’s largest asset manager, started selling its own mutual fund in China through a local subsidiary on Monday, tapping the fast-growing $3.6 trillion retail fund market.

    The launch of the actively-managed, unconstrained equity fund by BlackRock’s newly-established unit in Shanghai is being closely watched, said Ivan Shi, head of research at fund consultancy Z-Ben Advisors.

    The BlackRock China New Horizon Mixed Securities Investment Fund aims to raise up to 8 billion yuan ($1.24 billion). “It’s a very localised product,” Shi said. “It attracts a lot of industry attention because it’s the first mutual fund product by a wholly-owned foreign fund house in China.”

    Read more/Source: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital funds PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Comments are closed.

    Other Articles

    Quantum Energy offers $2.25bn debt fund with fossil fuel opt-out

    February 25, 2022

    Israel’s Incredibuild raises $140 million in Insight-led funding round

    March 17, 2021

    Fort Worth private equity firm adds managing director

    April 28, 2021

    Private equity is key to recovery and growth of UK businesses

    July 20, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?