A global index provider is putting more weight on China stocks, raising concerns from lawmakers

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

MSCI later today will announce an increase in the weighting of mainland China in its MSCI Emerging Markets Index, a benchmark used by many global funds and ETFs. Sen. Marco Rubio has raised red flags about the move, saying the pension assets of federal workers should not be invested in companies that work against U.S. interests.

MSCI later today will announce an increase in the weighting of mainland China in its MSCI Emerging Markets Index, a benchmark used by many global funds and ETFs.

Brendan Ahern, chief investment officer of Kraneshares, raises the question: "Do you want the government in your plan based on the whims of who is in charge?"Visual China Group | Getty Images U.S. Sen. Marco Rubio of Florida doesn't want the pension assets of federal employees supporting companies that may work against U.S. interests.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Seems smart actually. More fraud = bigger market cap.

It’s not just MSCI_Inc that has added substantial China A Shares exposure this year. FTSERussell & SPDJIndices have also included substantially more AShares in 2019

We have a free market solution for this.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. company to be charged with fraud for selling surveillance equipment made in ChinaA company in Long Island, New York is facing charges for selling surveillance equipment to customers and the government that were marketed as being made in the U.S. but were actually manufactured in China. NBC News' Pete Williams has details. PeteWilliamsNBC That’s like fighting over a spilt glass of water.
Source: MSNBC - 🏆 469. / 51 Read more »