BlackRock supports including mainland Chinese shares in global benchmarks
The statement on Thursday marked the first time the world’s largest asset manager expressed support for including mainland stocks in MSCI Inc's benchmarks
Momentum is building for including Chinese stocks in global benchmark indices that guide trillions of dollars of investments.
BlackRock, the world’s largest asset manager, expressed support for the inclusion of mainland shares for the first time on Thursday, reports the Wall Street Journal.
The statement can be added to the chorus of support for the move, with Deutsche Asset Management, Fidelity International and Mathews Asia all expressing sentiments that the inclusion is more likely.