UBS has overtaken JPMorgan as the top-performing foreign fund house in China, a market which is expected to provide the single-largest growth opportunity for global asset managers over the next decade.
The Swiss bank’s asset management arm dethroned its US rival in the third annual analysis published by Z-Ben Advisors, a Shanghai consultancy.
Schroders, the London-listed fund house, moved up two places to third while Invesco of Atlanta retained fourth spot. BlackRock, the world’s largest asset manager, rose one place to fifth on last year’s survey.
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