Canada Pension Plan looks to raise its bet on China

by Dramelin 6:30 PM 0 comments

"We`re value investors and we`re super long term.
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.
"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.
We like to say a quarter for us is 25 years, not three months," Machin said.
China`s gradual market liberalization may be good news for Canadian pensioners.