Asset managers PineBridge, Man Group increase China exposure on reopening hopes

Asset managers PineBridge, Man Group increase China exposure on reopening hopes

FILE PHOTO: Investors stand in front of an electronic board showing stock information at a brokerage house in Shanghai, China, February 15, 2016. REUTERS/Aly Song

Asset manager PineBridge Investments’ multi-asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased.

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