Weekly Digest: US pension to exclude HK investments; NPS makes crypto foray
A US federal government pension decides to exclude investments in Hong Kong; Philippines' Maharlika fund can finance up to 80 potential projects; Korean pension snaps up stake in US crypto exchange; Australia's ART brings one more super fund under its fold; and more.
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The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, from its $68 billion international fund, amid rising tensions between the world’s two largest economies.
The $771 billion Federal Retirement Thrift Investment Board said it will switch the benchmark index for its international fund, the I fund, effectively cutting exposure to Hong Kong, according to a statement on Nov 14. It already avoids investments…
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