Vanguard sold stakes in US-sanctioned Chinese companies by Reuters


HONG KONG (Reuters) – Top mutual fund firm Vanguard Group sold its stakes in certain Chinese securities to comply with a U.S. ban on Americans investing in companies they consider to have ties to the Chinese military. In a statement, Vanguard said that since Friday it had exited its positions in securities that were on a list published on November 12. Vanguard added that it “continues to monitor the situation to ensure continued compliance with the executive order as additional values ​​are identified for sanction.” He did not elaborate. Confusion over the affected securities caused a U-turn on the New York Stock Exchange last week, when it said it would delist three Chinese telecommunications companies. Just days earlier, he had said he would keep them on the list, reversing his announcement of their removal a week earlier. Other US asset managers, including BlackRock (NYSE :), say they have removed Chinese stocks due to the ban, and index providers MSCI Inc, Russell and S&P Dow Jones Indices have removed the sanctioned companies from their benchmarks. .

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