AIR+28 Nov 2022

China:Manulife IM to take full control of joint venture

| 28 Nov 2022

Manulife IM had been granted approval to acquire 51% of shares in Manulife TEDA Fund Management, a joint venture with assets under management (AUM) of $12bn as of 30 June 2022. This makes it the first foreign wealth and asset manager to convert its joint venture into a wholly owned public fund management company in China.

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