Neuberger Berman obtained the inexperienced mild from Beijing to begin its personal mutual-fund enterprise in China, paving the way in which for the American asset supervisor to handle cash for particular person Chinese language traders.
The New York cash supervisor joins different overseas corporations looking for to develop in China. BlackRock Inc. raised some $1 billion for the first-ever mutual fund solely run by a overseas agency for Chinese language people. Constancy Worldwide acquired approval final month.
https://www.wsj.com/articles/china-gives-neuberger-berman-nod-to-launch-mutual-funds-11632497181?mod=rss_markets_main | China Offers Neuberger Berman Nod to Launch Mutual Funds