China's Asset Gold Rush

Foreign asset managers are flocking to where the money is: China.

Growth in that market has averaged more than 60% over the past three years and will run above 20% for the next decade, according to an industry report.

So it's no surprise that more than 27 companies have set up shop in the past five years. But low fees and the tendency of Chinese customers to churn accounts make it tough for anyone to turn a profit.

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