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Invesco thrives in China as former exec Ross leads Trump's trade war


BOSTON (Reuters) - The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war.

U.S. money manager Invesco Ltd - for which Ross was a senior executive from 2006 until he joined Trump’s cabinet in February 2017 - has become the top foreign manager of Chinese money in China over the past year through its joint venture Invesco Great Wall Management, according to research firm Z-Ben Advisors, leaping ahead of Switzerland’s UBS.

It is an unlikely success story ...


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