The Vanguard Group, one of the world’s largest asset managers, invests through index funds in Chinese military groups and companies linked to forced labor, according to a new report released as the U.S. Treasury Department is finalizing rules pertaining to a White House executive order that prohibits certain investments to China.
Vanguard’s $70 billion flagship emerging markets index fund includes 60 companies on the Chinese military company sanction list by the Treasury Department’s Office of Foreign Assets Control (OFAC), the report released by the Coalition for a Prosperous America (CPA) on Oct. 13 says.
