News Snapshot:
Money managers are launching emerging market or Asia products with no exposure to China to meet increasing demand for such strategies from global investors wary of rising policy and geopolitical risks in the world’s second biggest economy. Chinese equities make up 31% of the MSCI Emerging Market index, a popular stock index that many funds track and benchmark their performances against. With Chinese equities floundering over the past two years due to a government crackdown on its technology sector, a real estate liquidity crisis, and rising U.S.-China tensions, broad emerging market funds have seen their returns eroded, resulting in investors...
