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BlackRock targets India’s US$500bn wealth space with new JV

BlackRock has partnered with Jio Financial Services (JFS) to launch an asset management joint venture in India, according to an announcement on Thursday. The joint venture aims to offer tech-enabled affordable investment solutions to Indian investors. JFS and BlackRock will each contribute an initial US$150 million for a 50:50 share in the new joint venture named Jio BlackRock. The new…

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