Asset Management
Evergrande plunge wipes $250m off BlackRock, Vanguard holdings
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Tuesday, 28 September 2021 at 12:37
BlackRock and Vanguard are among the largest shareholders in Evergrande that have posted hundreds of millions of dollars in paper losses following a more than 80% share price drop in the troubled Chinese property developer.
Data from S&P Capital IQ show US-based Vanguard, Evergrande's third-largest shareholder, has seen the market value of its holding plummet by $156m since the beginning of January as the Chinese company teeters on the brink of collapse.
