12:43:50 AM PDT - Thursday, August 22nd, 2019

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

By Editor - Thu Aug 15, 11:40 pm

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.

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

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