The return of the mutual fund? US$9tn money manager says “clients ready to add risk”

12 July 2024 | 4 minutes read

Private wealth clients are ready to add risk to their portfolios and move out of cash positions, with inflows returning to equity and higher yielding mutual funds, according to BlackRock’s head of Greater China wealth. Mandy Lui, who joined the US$9 trillion AUM money manager last year, said that from the start of 2024 BlackRock had seen Asian wealth clients…

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