On February 6, BlackRock, State Street, Invesco, JPMorgan, Goldman Sachs, and Morgan Stanley received a letter from a group of 17 state attorneys general. The AGs allege that these firms “appear to make misrepresentations and omit essential disclosures for funds that include Chinese investments.”
We are very clear about the risks of investing in China in our public disclosures, which are available to all U.S. investors.
We have updated our disclosures for relevant funds multiple times in recent years to reflect evolving geopolitical, social, economic, and regulatory risks of investing in China. We believe our disclosures are industry-leading on this issue.
We responded on our BlackRock_Fact X account, highlighting three examples of where the AGs’ letter is wrong. Please find our response copied.
BlackRock Post on X:
You are wrong in at least three significant claims about our China disclosures, all of which are publicly available to you.
Full images in response below:
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