Vanguard, world’s 2nd largest asset manager, to exit Hong Kong (and Japan) and move to … Singapore? …Nope. Shanghai! Why?

Vanguard, world’s 2nd largest asset manager, to exit Hong Kong (and Japan) and move to … Singapore? …Nope. Shanghai! Why? Because it needs scale of mainland market to drive its low-cost individual-centered fund management model.
ft.com/content/ff2924… https://t.co/6WycPrfcNt

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