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Share: Are you considering an international ETF for your portfolio? Indeed, 2019 turned out to be the second-best year on record for ETFs. In this period, exchange-traded funds inflows exceeded $326 billion. However, 2020 was a different year as the stock market started to experience challenges due to COVID-19. As the stock markets plunged, investors faced volatility not seen since the financial crisis. Even blue-chip stocks got affected, albeit for a short time. When I started investing, it was in the early 2000s. I didn’t know the difference between mutual funds or and index fund. But, I do recall buying stocks like Netscape and Yahoo, and watching them skyrocket, only to fall shortly after. Indeed, it was not unlike the meme stock craze we see today. Actually, for me, it was a good lesson in diversification. ....
FinanceBlackRock expands China footprint with wealth management licence Reuters 1 minute read A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson BlackRock Inc (BLK.N) has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country s fast-growing asset management market. The U.S. fund giant said on Wednesday its wealth management venture with a unit of China Construction Bank Corp (CCB) (601939.SS), and Singapore state investor Temasek Holdings (Pte) Ltd (TEM.UL) can now start business. The venture, 50.1% owned by BlackRock and 40% by CCB s wealth management unit, will draw on BlackRock s investment expertise and CCB s vast distribution network, the U.S. firm said in a statement. ....
BlackRock expands China footprint with wealth management license Published 1 hour ago SHANGHAI (Reuters) -BlackRock Inc has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country s fast-growing asset management market. The U.S. fund giant said on Wednesday its wealth management venture with a unit of China Construction Bank Corp (CCB) and Singapore state investor Temasek Holdings (Pte) Ltd can now start business. The venture, 50.1% owned by BlackRock and 40% by CCB s wealth management unit, will draw on BlackRock s investment expertise and CCB s vast distribution network, the U.S. firm said in a statement. ....
BlackRock expands China footprint with wealth management licence FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson May 12, 2021 BlackRock Inc has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country’s fast-growing asset management market. The U.S. fund giant said on Wednesday its wealth management venture with a unit of China Construction Bank Corp (CCB) and Singapore state investor Temasek Holdings (Pte) Ltd can now start business. The venture, 50.1% owned by BlackRock and 40% by CCB’s wealth management unit, will draw on BlackRock’s investment expertise and CCB’s vast distribution network, the U.S. firm said in a statement. ....
Margin pressure at China’s major banks may ease as economic SOS wanes The largest banks in China may see easing pressure on their net interest margins, after they stayed in contraction in the first quarter, as lenders may extend fewer loans at the cheapest interest rates. In the three months ended March 31, Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Bank of China Ltd. and Agricultural Bank of China Ltd. reported lower net interest margins compared with a year ago. Apart from Agricultural Bank of China, which did not disclose its NIM for the fourth quarter of 2020, three other state-backed lenders also reported a quarter-over-quarter contraction in their margins. ....