BlackRock shelves China bond ETF amid growing political tension

BlackRock shelves China bond ETF amid growing political tension

FILE PHOTO: A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. REUTERS/Brendan McDermid

Blackrock Inc has put off the launch of an exchange traded fund (ETF) that invests in Chinese bonds, amid growing tension between Washington and Beijing, the Financial Times said on Saturday.

The world’s largest money manager has “indefinitely” shelved the ETF, the newspaper said, citing people familiar with the decision.

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