Schroders to exit wholly owned China fund management unit
Schroders is the first to exit its wholly owned China fund unit and will sell products to Neuberger Berman. The firm is also seeking a buyer for its license.
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SCHRODERS PLC will exit its wholly owned China fund unit and sell its products to Neuberger Berman, people familiar said. The move follows a £9.9B sale of the fund house to U.S. rival Nuveen. It marks the first exit by a global manager from a fully owned Chinese mutual fund business since 2020.
