Skip to content

Amundi, BlackRock Stumble in China as Wealth Products Disappoint

  • The money managers launched wealth offerings in past 2 years
  • Products struggling amid turbulent markets, high expectations

China may be a lucrative wealth management market, but it’s also a difficult one to crack.

Two of the world’s biggest investors, Amundi SA and BlackRock Inc., have stumbled since starting selling wealth products through joint ventures in the country over the past two years. Chinese retail investors have criticized Amundi for falling short of performance targets, while local press have highlighted how some BlackRock’s offerings are making losses.