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BlackRock, Fidelity Launches Hit By Chinese Share Decline

Sep 10 , 2018

Some of the world’s largest asset managers have gotten a rough welcome in China.

No sooner did fund managers like BlackRock Inc. BLK -0.11% and Fidelity International roll out their inaugural Chinese stock funds for wealthy domestic investors than the country’s markets started sliding—the Shanghai Composite index has fallen 19% this year. The declines have coincided with escalating trade tensions between China and the U.S., China’s weakening currency and a slowdown in economic growth.

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