The U.S. investment managers could be one of the first few foreign companies to manage and sell mutual funds in China
BlackRock Inc. and Neuberger Berman are applying to manage and sell mutual funds in China, in what could be a watershed moment for a global investment industry eager to access the country’s huge pool of individual investors.
BlackRock Financial Management and Neuberger Berman Investment Adviser LLC have applied to set up new firms for their planned mutual-fund businesses, notices on the China Securities Regulatory Commission’s website showed on Wednesday.
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