McDuck
Market Veteran
- Reaction score
- 50
US government pension fund urged to reverse China investment
https://www.ft.com/content/6a5bd01a-c7b5-11e9-a1f4-3669401ba76f
https://www.ft.com/content/6a5bd01a-c7b5-11e9-a1f4-3669401ba76f
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
US government pension fund urged to reverse China investment
- Thread starter McDuck
- Start date
tom4jean
TSP Strategist
- Reaction score
- 6
James48843
TSP Talk Royalty
- Reaction score
- 912
US pension fund urged not to invest in Chinese companies - report
EPA / MICHAEL REYNOLDS
United States senators on Monday urged the Federal Retirement Thrift Investment Board (FRTIB) to reverse its 2017 decision, under which the Board's resources will be up for investment in a number of Chinese companies, the Financial Times reported, citing a letter addressed to the FRTIB. The investment shift would direct the funds to the MSCI All Country World Index, which includes a number of controversial Chinese companies, such as AviChina and China Mobile, according to senators.
In a letter, senators Marco Rubio and Jeanne Shaheen, told the FRTIB Chairman Michael Kennedy that "the paychecks of members of the US Armed Services and other federal government employees" are being used to support Chinese state-controlled companies. They urged Kennedy to reverse the decision "immediately" and thus prevent the exposure of some $50 billion of US government pensions to "severe a
U
Source:
https://www.teletrader.com/us-pensi...report/news/details/49268427?ts=1566829455850
EPA / MICHAEL REYNOLDS
United States senators on Monday urged the Federal Retirement Thrift Investment Board (FRTIB) to reverse its 2017 decision, under which the Board's resources will be up for investment in a number of Chinese companies, the Financial Times reported, citing a letter addressed to the FRTIB. The investment shift would direct the funds to the MSCI All Country World Index, which includes a number of controversial Chinese companies, such as AviChina and China Mobile, according to senators.
In a letter, senators Marco Rubio and Jeanne Shaheen, told the FRTIB Chairman Michael Kennedy that "the paychecks of members of the US Armed Services and other federal government employees" are being used to support Chinese state-controlled companies. They urged Kennedy to reverse the decision "immediately" and thus prevent the exposure of some $50 billion of US government pensions to "severe a
U
Source:
https://www.teletrader.com/us-pensi...report/news/details/49268427?ts=1566829455850
