Invesco sees managed funds soar to $14bn in Chinese platform tie-up

clock • 1 min read

Invesco, the Atlanta-based US fund manager, has seen its funds under management soar to $14bn in a tie-up with Alipay, a payments app run by Alibaba, the Chinese e-commerce giant. According to the Financial Times, Invesco and Alipay signed an agreement in 2018. Under the agreement, Invesco manages a mutua fund on Alipay's wealth management platform. The platform allows customers to move money from their accounts and into managed funds.  Speaking to the FT, Martin Flanagan, chief executi...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.