Power Corporation’s multi-generational relationships have been foundational in creating investment opportunities in China, such as through its investment in China Asset Management Co., Ltd. (China AMC), one of the largest asset managers in China.
Founded in 1998 as one of the first fund management companies in China, China AMC has developed and maintained its position among the market leaders in China’s asset management industry. China AMC diversifies Power Corporation’s interests creating strategic opportunities with other asset managers within the Power group of companies.
The investment in China AMC provides the potential to leverage the group’s global experience in wealth management and distribution. The Power group of companies benefit from the strategic relationship with China AMC which provides opportunities to work together on developing products and subadvisory relationships.
Power Corporation and IGM Financial each hold interests of 13.9% in China AMC, representing a combined 27.8% interest.