The BlackRock logo is seen outside of its offices in New York. Photo: Reuters
US investment giant BlackRock has slashed its monthly fees by 90% for Chinese investors in its two retail funds, due to weak investor interest, according to Ignites Asia, a regional asset management newsletter.
The move applies to the BlackRock China New Horizon Mixed Securities Investment Fund and BlackRock Hong Kong Stock Connect Long Horizon Mixed Securities Investment Fund, the Financial Times-owned newsletter said.
Read the full report: Ignites Asia.
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