After abandoning plans for its own mutual fund company in China in 2021, Vanguard aimed to put teething problems in the country behind it by doubling down on a widely envied partnership with local financial group Ant.
The venture between the world’s second largest asset manager and China’s best-known digital finance business soon attracted the interest and investments of more than 1mn customers on the mainland, in an encouraging sign of the growth prospects in a multi-trillion-dollar investment market.
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