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BlackRock, JPMorgan and other asset managers probed by 17 state AGs about Chinese investments

A group of 17 Republican state attorneys general are demanding answers from top asset managers, who they say are misleading investors and retirement plan fiduciaries by omitting “essential disclosures for funds that include Chinese investments,” according to the AG letter.

By Lynn Cavanaugh | February 10, 2025 at 12:01 AM
Credit: lesslemon/Adobe Stock

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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