Invesco chief executive Martin Flanagan said demand for investments in China among the $1.1tn fund manager’s clients has continued to grow despite slowing economic growth and a trade war with the US.
The strong sentiment in the face of trade tensions was one factor pushing the US investment management company to increase its stake in a China joint venture that is linked with payments conglomerate Ant Financial.
Gloomy economic prospects connected to hundreds of billions of dollars in tariffs levied by the US on thousands of Chinese goods raised concerns earlier this year that the country could experience higher-than-expected capital outflows as global investors reduced exposure to the world’s second-biggest economy.
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