Canada Pension Plan looks to raise its bet on China
China’s gradual market liberalization may be good news for Canadian pensioners.
Canada Pension Plan Investment Board (CPPIB), the country’s largest pension fund, currently has 4 percent of its portfolio in the mainland — a figure that president and CEO Mark Machin said is too low for a globally diversified portfolio such as his.
But he plans to increase that share as the world’s second-largest economy opens itself up.
“We want to significantly increase our investment here over the long term,” he said, explaining that his fund is “substantially” underweight relative to GDP, but not necessarily relative to available market cap.
Full Content: CNBC
