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As President Trump imposes new tariffs on China, BlackRock, the world’s largest asset manager that is already under scrutiny over its ESG investment policies, now is the target of new probe delving into Chinese investments.
BlackRock, along with other leading asset managers, is being targeted by a group of 17 Republican state attorneys general allege because these top firms “appear to make misrepresentations and omit essential disclosures for funds that include Chinese investments,” according to a letter sent to the firms.
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