Should Federal Pension Funds Invest in China? Some Lawmakers Don’t Think So

U.S. Senator Marco Rubio

Two years ago, the Federal Retirement Thrift Investment Board, which oversees federal pensions, decided to switch its international investment bucket to the MSCI All Country World ex-U.S. Investable Market Index.  The new bucket allocates 7.5% to China-listed stocks, and that’s a problem for a group of bi-partisan Senators including Kirsten Gillibrand and Marco Rubio.

The Senators think it’s out of line for federal employees to be investing money in companies that are trying to displace American firms, and to invest in a country that has maintained unfair trade practices with the U.S. for almost two decades.

Describing the move to the new allocation, Senator Rubio said:

…it amounts to “effectively funding the Chinese government and Communist Party’s efforts to undermine U.S. economic and national security.”

The Senators have sponsored a bill that would stop the new allocation.

 

About wpengine 11 Articles
This is the "wpengine" admin user that our staff uses to gain access to your admin area to provide support and troubleshooting. It can only be accessed by a button in our secure log that auto generates a password and dumps that password after the staff member has logged in. We have taken extreme measures to ensure that our own user is not going to be misused to harm any of our clients sites.

9 Comments

  1. Communist China’s goal is world domination……the sooner they destroy our country their goal will be much closer. Our country should sever all economic ties with communist China….we should ban any and all products made there regardless if other foreign countries conduct business there. We should also close our borders, eliminate any and all ownership of American businesses by the communist Chinese….cease any and all banking, close down their confusis propaganda operations, no more student/work visas. That is just for starters.

  2. There has to be as good as or better international funds in which to invest, that are “more friendly” to the U.S.. I say “No” to China!

  3. China is already receiving wealth from American industry. They have money of their own using virtual slave labor in many instances. They have stolen our technology and used it to compete with us. Because of their low wages, they can create our products and then sell them back to us! Along with stealing the product, they also learn the production and then turn to producing it under their own label in competition to the american businesses. We were fools to start this, and greater fools to allow them to steal our wisdom and techniques!

Leave a Reply

Your email address will not be published.


*